{"title":"高管薪酬结构与公司绩效:来自中国上市公司的经验证据","authors":"Z. Hong","doi":"10.1109/SSME.2009.141","DOIUrl":null,"url":null,"abstract":"Using comprehensive financial and accounting data on Chinese listed companies in 2007, this paper examines executive compensation structure. I find that corporate performance is positively related to the percentage of equity-based compensation to total compensation. I also find that equity-based compensation has a positive impact on the company's financial performance, and higher than on the market performance. Finally, the nature of state-owned enterprises helps to improve the financial performance, but not to improve market performance.","PeriodicalId":117047,"journal":{"name":"International Conference on Services Science, Management and Engineering","volume":"97 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2009-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Executive Compensation Structure and Corporate Performance: An Empirical Evidence from Chinese Listed Companies\",\"authors\":\"Z. Hong\",\"doi\":\"10.1109/SSME.2009.141\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Using comprehensive financial and accounting data on Chinese listed companies in 2007, this paper examines executive compensation structure. I find that corporate performance is positively related to the percentage of equity-based compensation to total compensation. I also find that equity-based compensation has a positive impact on the company's financial performance, and higher than on the market performance. Finally, the nature of state-owned enterprises helps to improve the financial performance, but not to improve market performance.\",\"PeriodicalId\":117047,\"journal\":{\"name\":\"International Conference on Services Science, Management and Engineering\",\"volume\":\"97 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2009-07-11\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Conference on Services Science, Management and Engineering\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/SSME.2009.141\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Conference on Services Science, Management and Engineering","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/SSME.2009.141","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Executive Compensation Structure and Corporate Performance: An Empirical Evidence from Chinese Listed Companies
Using comprehensive financial and accounting data on Chinese listed companies in 2007, this paper examines executive compensation structure. I find that corporate performance is positively related to the percentage of equity-based compensation to total compensation. I also find that equity-based compensation has a positive impact on the company's financial performance, and higher than on the market performance. Finally, the nature of state-owned enterprises helps to improve the financial performance, but not to improve market performance.