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employed as a way of asset appropriation at the managers' discretion. The results also confirm that corporate governance is …
Persistent link: https://www.econbiz.de/10010490450
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
Persistent link: https://www.econbiz.de/10011350568
effect on the quality of new inventions. Further analysis reveals that the positive association between managerial incentives … between managerial incentives and patent quality only holds among firms with high ownership concentration and SOEs. The … entirety of these results suggests that managerial incentives are a net-negative for the innovative output of firms with high …
Persistent link: https://www.econbiz.de/10013307338
We study the role of Western CEO incentives in fostering the technological rise of China. Due to China's quid pro quo … incentives. The paper reveals an important real effect of CEO incentives and highlights a novel channel behind China …
Persistent link: https://www.econbiz.de/10013323222
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
Persistent link: https://www.econbiz.de/10011377809
obtain other forms of incentives (such as perk consumption or equity incentives), the effect of corporate awards on managers … financial performance based on corporate awards in SOEs are both stronger than in non-SOEs. Moreover, when managers cannot fully …
Persistent link: https://www.econbiz.de/10012654037
Persistent link: https://www.econbiz.de/10009781394
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