Departmental Bulletin Paper Executive Ability, Industry Competition and Executive Pay: An Empirical Analysis of Chinese Listed Companies

FANG, Fang  ,  GAO, Minghua  ,  SEMBA, Hu Dan

63 ( 3 )  , pp.19 - 28 , 2016-02-29 , 名古屋大学大学院経済学研究科
ISSN:0022-9725
Description
This paper investigates the relationship between executives' ability and executives' compensation based on data concerning Chinese listed companies. We found that executives with higher ability can obtain a higher salary, which partly validates the manager market in China. Further analysis suggests that this correlation exists only in competitive industries and that there is a significant difference in executive pay decision mechanisms between monopoly and competitive industries. This paper enriches studies on determinants of executive pay, and the findings have policy implications for relevant regulators.
Full-Text

https://nagoya.repo.nii.ac.jp/?action=repository_action_common_download&item_id=21944&item_no=1&attribute_id=17&file_no=1

Number of accesses :  

Other information