Hu, Zhiying; Tong, Menglu; Liang, Shangkun - In: China journal of accounting studies 8 (2020) 3, pp. 380-409
This article examines the effect of anti-takeover provisions on executive excess compensation and find a positive … delay the takeover process have a stronger effect on executive excess compensation. Second, the positive effect of anti …-takeover provisions on excess compensation is more significant in firms with higher executive power, less independent boards, and higher …