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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...
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We examine the effect of agency cost on the relation between top executives' overconfidence and investment-cash flow sensitivity using the data from Chinese listed companies. We find that on average top executives' overconfidence leads to increased investment-cash flow sensitivity. However, this...
Persistent link: https://www.econbiz.de/10013106316
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/10013081109
corporate governance in subsequent years. China is the world's largest emerging economy, and Chinese SOEs are under intensive …
Persistent link: https://www.econbiz.de/10013112900
economy. Using an unbalanced panel which consists of a total of 34701 executives in 450 publicly listed firms in China during …, and corporate governance structure affect pay dispersion. Overall, our study shows that listed firms in China, as they …
Persistent link: https://www.econbiz.de/10013160424
dispersion generally provides a tournament incentive in China's emerging market, as it is positively associated with firm … politically connected, but it became stronger after the China's split-share structure reforms. Further, we find that in state …
Persistent link: https://www.econbiz.de/10013047800
that succession events exert much pressure on managers to meet short-run earning expectations, hindering firms' investment …
Persistent link: https://www.econbiz.de/10013053567
-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