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

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Chen, J.; Ezzamel, M.; Cai, Z.;
  • Publisher: Elsevier
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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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