Disproportional Ownership Structure and Pay-Performance Relationship in China

Disproportional Ownership Structure and Pay-Performance Relationship in China

This paper examines the impact of ownership structure on executive compensation in China's listed firms. We find that the cash flow rights of ultimate controlling shareholders have a positive effect on the pay-performance relationship, while a divergence between control rights and cash flow rig...

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Bibliographic Details
Main Authors: CAO, Jerry, PAN, Xiaofei, TIAN, Gary
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Managerial compensation
Firm performance
Ownership structure
Asian Studies
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3115
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4114/viewcontent/Disproportionalownershipstructureandpay_performancer_av.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/3115
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4114/viewcontent/Disproportionalownershipstructureandpay_performancer_av.pdf

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