Dissertation > Excellent graduate degree dissertation topics show

Government Intervention、Executive Compensation Contract and Corporate Performance

Author: HuangZhengZhou
Tutor: LiWeiAn
School: Nankai University
Course: Corporate Governance
Keywords: Government intervention Monetary reward Perquisite consumption Corporate performance
CLC: D621
Type: Master's thesis
Year: 2010
Downloads: 400
Quote: 1
Read: Download Dissertation

Abstract


In the particular context of China’s economic transformation, our weak legal environment enables government intervention as one important mechanism of our country, which uses them to ensure the implementation of executive compensation contract. On the one hand, government intervention mechanism plays an important role in restraining the implementation of various opportunisms,which is helpful to ensure the implementation of executive compensation contract. On the other hand, based on its inherent rigidity, reinforced government intervention may also cause some spillover effects, thus forms a series of implicit compensation contracts, thereinto, perquisite consumption is one of the most important realization ways. Meanwhile, at present, studies on the implementation mechanisms of executive compensation contract mainly focus on the private implementation mechanism in academic circles, studies on the influence of government intervention on the composition and efficiency of executive compensation contract are still relatively weak.Based on the reality above, using 1819 samples of China listed companies during the period 2003-2006, the essay chooses "Reduction of Government Intervention on Enterprises" in the "Marketization Index for China’s Provinces", which is compiled by Fan Gang et al., to quantify the government intervention of different districts in our country, and we take the relationship between monetary reward and perquisite consumption as the breakthrough point, through exploring the influence of government intervention on the composition and efficiency of executive compensation contract, we specialize on the transmission mechanism and corresponding results of government intervention effects. In order to explore the differences between different ownership property further, according to the different ownership property, we divide the complete samples into two parts, which are stated-owned samples and non-state-owned samples, and contrast tests are made between them. Based on the study above, the essay finds:First, significant negative correlation is observed between perquisite consumption and monetary compensation in the state holding listed companies, there exists substitution relation between them; and significant positive correlation is observed between perquisite consumption and monetary compensation in non-state holding listed companies, there exists complementary relation between them. Second, in the state holding listed companies, reinforced government intervention may strengthen the relationship between monetary compensation and perquisite consumption; in non-state holding listed companies, the influence of government intervention on the relationship between them is not significant. Third, in the state holding listed companies, monetary compensation is positively correlated with corporate performance,but the relationship between them is not significant, perquisite consumption is marked negative correlated with corporate performance; and government intervention may not only weaken the positive relationship between monetary compensation and corporate performance, but also it may weaken the negative relationship between perquisite consumption and corporate performance.

Related Dissertations

  1. The Government Intervention for Parent School in Rural Area in Xiangshan County,G527
  2. Relationship between the Chinese government and enterprises,F279.2
  3. Research on Influence of Information Disclosure on Financing Constraints,F224
  4. Research on the Intervention Mode and Assistant Mechanism of Government to the Construction of University Discipline,G642.0
  5. Political Connection, Government Intervention and Enterprise Environment Performance,F272;F224
  6. Government Intervention, Local Market Environment and M & A’ Performance of Local State-owned Listed Companies,F276.6;F224
  7. The Subject of Estimating of Value That Start the National Intervention,D912.29
  8. Political Connection, Debt Financing and Enterprise Idiosyncratic Risk,F272;F224
  9. The Legal Regulation of Government Intervene,F123
  10. Research on Legal System Related to the Civil Institution for the Aged,D922.182.1
  11. Corporate Sustainability and Green Supply Chain Management,F270;F205
  12. Research on Government Intevrention in AIDS Prevention and Control,R193
  13. Cooperative in Shenyang City Government Intervention Strategies,G644
  14. Study on Political Benefits of Control and Local Government Intervention,F271
  15. The Study of the Government’s Behavior and Position in M & A in China,F279.21
  16. Political Connections、 Government Subsidies and Enterprise Performance-the Evidence from the Privately Listed Enterprises,F276.5
  17. Research on the Effect of Venture Capital Involving in Governance on Corporate Performance,F276.6;F224
  18. Empirical Research on State-owned Listed Companies Executive Compensation and Corporate Performance Relationship,F276.1;F224
  19. Study on the Relationship between Strategies Performance Measures of Executive Compensation Contract and Corporate Performance,F224
  20. An Empirical Research on Corporate Governance and Firm Performance Evaluation,F272;F224
  21. A Study on the Influence of Board Governance of the Listed Companies on Company Performance,F276.6;F224

CLC: > Political, legal > China's political > Political system and national institutions > Political system
© 2012 www.DissertationTopic.Net  Mobile