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Corporate awards and executive compensation : empirical evidence from Chinese A-Share listed companies

Deng, Bofu; Liu, Jiawei; Ji, Li - In: China journal of accounting studies 8 (2020) 1, pp. 66-96

-financial performance of state-owned enterprises (SOEs) in China: the increase in compensation and the stickiness of this compensation for … financial performance based on corporate awards in SOEs are both stronger than in non-SOEs. Moreover, when managers cannot fully … obtain other forms of incentives (such as perk consumption or equity incentives), the effect of corporate awards on managers …

Persistent link: https://www.econbiz.de/10012654037

How do independent directors view CEO pay disparity in China?

Siddique, Muhammad Abubakkar; Jafar, Shagufta; Usman, … - In: Pakistan journal of commerce and social sciences 13 (2019) 1, pp. 95-103

Given the vital role of independent directors in determination of executives' compensation, we explore how independent directors view the CEO pay disparity. Using the data of all companies listed on the Shenzhen and Shanghai stock exchanges for the period 2005 to 2015, we find that the...

Persistent link: https://www.econbiz.de/10012001029

Relative performance evaluation and executive compensation : evidence from Chinese listed companies

Chen, Donghua; Liang, Shangkun; Zhu, Pin - In: China journal of accounting research : CJAR 5 (2012) 2, pp. 127-144

This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese … tasks of managers in SOEs. …

Persistent link: https://www.econbiz.de/10011825215

A survey of executive compensation contracts in China's listed companies

Li, Yubo; Lou, Fang; Wang, Jiwei; Yuan, Hongqi - In: China journal of accounting research : CJAR 6 (2013) 3, pp. 211-231

We analyze 228 executive compensation contracts voluntarily disclosed by Chinese listed firms and find that central-government-controlled companies disclose more information in executive compensation contracts than local-government-controlled and non-government-controlled companies. Cash-based...

Persistent link: https://www.econbiz.de/10011825857

Career concerns, shareholder monitoring and investment efficiency : from the perspective of compensation contract rigidity in Chinese SOEs

Wan, Hualin; Zhu, Kai; Chen, Xinyuan - In: China journal of accounting research : CJAR 8 (2015) 1, pp. 59-73

This paper presents theoretical analysis of how career concerns and shareholder monitoring affect chief executive officer (CEO) agency costs. We investigate investment efficiency prior to CEO retirement based on a sample of Chinese state-owned enterprises (SOEs) during the 1999-2007 period and...

Persistent link: https://www.econbiz.de/10011844386

Corporate deductibility provisions and managerial incentives

Köthenbürger, Marko; Stimmelmayr, Michael - 2013

findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is …

Persistent link: https://www.econbiz.de/10010227267

A theory of tax avoidance : managerial incentives for tax planning in a multi-task principal-agent model

Ewert, Ralf; Niemann, Rainer - 2014

We derive determinants of tax avoidance by means of a multi-task principal-agent model. We extend prevailing models by integrating both corporate and individual income taxation as well as by including tax planning effort in the agent’s action portfolio. Our model shows novel and apparently...

Persistent link: https://www.econbiz.de/10010367166

The motivation and consequences of Golden Parachute provisions : a case study of TBEA Co., Ltd.

Huo, Zheng; Zhang, Junsheng; Huang, Mingming - In: China journal of accounting studies 9 (2020) 1, pp. 54-80

The paper examines the motivation and consequences of Golden Parachute (GP) contracts in the context of TBEA, a Chinese company whose GP payment was 1,000 times executive annual salary and which rescinded its GP provision in 2019. We find that for TBEA, whose ownership is dispersed,...

Persistent link: https://www.econbiz.de/10012799020

Clawback provisions and firm risk

Babenko, Ilona; Bennett, Benjamin; Bizjak, John M.; … - 2019

Panel OLS and GMM-IV estimates indicate that executives respond to the adoption of a compensation clawback provision by decreasing firm risk. The mechanisms that transmit incentives to decisions and decisions to risk appear to be more conservative investment and financial policies and preemptive...

Persistent link: https://www.econbiz.de/10012107693

Breaking the chains of corporate compensation : unraveling the complexities of non-executive director compensation in South Africa's boardrooms

Owusu, Nkwantabisa Agyeiwaa; Sarpong, Francis Atta; … - In: Cogent business & management 10 (2023) 2, pp. 1-28

This study investigates the impact of excluding stock options for non-executive directors (NEDs) on the relationship between executive pay and firm performance. The research focuses on accounting measures and market performance. Using a sample of 220 non-financial firms, including 110 listed...

Persistent link: https://www.econbiz.de/10014503330

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