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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2011
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| Subjects: | |
| 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 |