Chen, Donghua; Shen, Yongjian; Xin, Fu; Zhang, Tianqin - In: China journal of accounting research : CJAR 5 (2012) 1, pp. 1-26
Using a sample of state-owned enterprises (SOEs) listed on the Shanghai and Shenzhen Stock Exchanges during the 1999-2009 period, we investigate the effects of overemployment on executives’ pay-for-performance sensitivity (PPS) and analyze how the behavior of firms with high/low PPS affects...