Managerial power theory, tournament theory, and executive pay in China

Article English OPEN
Chen, J.; Ezzamel, M.; Cai, Z.;
(2011)
  • Publisher: Elsevier
  • Subject:
    acm: ComputingMilieux_THECOMPUTINGPROFESSION | ComputingMilieux_LEGALASPECTSOFCOMPUTING

In this paper, we test two models of executive pay that have not received much attention in Chinese listed companies: managerial power theory and tournament theory. We find that structural power (executive share ownership) and prestige power (executive education) signif... View more
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