Dissertation > Excellent graduate degree dissertation topics show

An Empirical Study of the capital structure of listed companies and the relationship between executive pay

Author: ZhangYu
Tutor: YangXiChun
School: Yunnan University of Finance
Course: Business management
Keywords: Cash Compensation Equity Compensation Capital Structure
CLC: F272.92;F224
Type: Master's thesis
Year: 2011
Downloads: 252
Quote: 4
Read: Download Dissertation

Abstract


Improving top management’s enthusiasm, avoiding the loss of talented people and the short-term behavior of top management are difficult and hot topics for scholars and experts. The study of top management compensation is one of important content. Because the environment of the enterprise is very complex, so the enterprise needs to consider many factors for formulating top management compensation.The theory and empirical studies of domestic and foreign scholars have proofed that capital structure and top management compensation exist certain relevance, and capital structure is a factor of top management compensation. The aim of the study is to verify the relationship between top management compensation and capital structure ,and provide the reference for enterprises formulating top management compensation.This paper reviews the literature of domestic and foreign firstly. And the theoretical basis base on the theoretical analysis of top management compensation . We divide the top management compensation into cash compensation and equity compensation ,and study the relationship between them and capital structure respectively. This paper uses panel data of Chinese listed companies in 2006-2009 as research samples, and the Eviews6.0 capital is used to analysis the linear regression between capital structure and top management compensation. The results are that the relationship between capital structure and cash compensation is significant negative correlation, the relationship between capital structure and equity compensation is significantly positive correlation .And other control variables, such as the enterprise performance, the enterprise size and corporate governance features, are also related to top management compensation. Last, according to the empirical results, we raise the corresponding suggestion.There are two innovations of the paper: the first is that there is a theoretical analysis between capital structure and top management compensation. Many scholars studied the relation of them, seldom someone analysised why the capital structure influenced top management compensation. And the literatures often proofed that top management compensation influenced capital structure. So there is a caused confusion:people can’t understand the relation of capital structure and top management compensation . studing their relations from enterprise shareholders, we find when they formulate top management compensation,shareholders will consider capital structure .so the capital structure is a factor that influences top management compensation. The second is that we divide top management compensation into cash compensation and equity compensation, and study the relationship between them and capital structure respectively. So we can analysis that how each of compensations to affect top management’behavior,and provide the reference for enterprises formulating top management compensation.

Related Dissertations

  1. The Research on Relationship between Capital Structure and Enterprise Value in Listed Companies of Construction Industry,F426.92
  2. Research on Financing Problems of Private Enterprises in Anhui Province,F276.5
  3. Study on the Correlation between Capital Structure and Profitability of Listed Companies in China’s Engineering Equipment Manufacturing Industry,F832.51;F224
  4. Empirical Study on the Impact of Managerial Power on Corporate Financing Behavior,F276.6;F224
  5. A Study on How Managerial Overconfidence Impact Capital Structure in the Medium and Small Listing Companies,F276.6;F224
  6. Energy Conservation and Environmental Protection Industries Listed Company Capital Structure and Corporate Performance of the Relationship,F275
  7. Factors of Capital Structure Study on Real Estate Listed Companies of China,F224
  8. Study on the Correlation between the Capital Structure and Performance of China’s Manufacturing Listed Companies,F224
  9. Empirical Study on Determinants of Capital Structure of Chinese LC. in Different Industries,F224
  10. An Empirical Research on the Relationship between the Capital Structure and Firm Value of Northeast China Listed Companies,F275.5
  11. Capital Structure of Chinese Listed Banks Empirical Analysis of Operating Performance,F224
  12. Capital Structure and Firm Value,F275
  13. The Determinants of Capital Structure,F275
  14. Economic Growth, Entrepreneur Confidence, Corporate Characteristics and Capital Structure Decision-making,F272;F275;F224
  15. A Dynamic Study on Capital Structure,F275
  16. Empirical Research on Relationship between Capital Structure and Performance with Different Growth Opportunities,F272;F224
  17. Analysis and Countermeasures Research of Capital Structure Influencing Factors for the High-tech Small and Medium-sized Enterprises,F275
  18. Influence of Ownership Structure in Accounting Dilemma Enterprise on Capital Structure,F275
  19. Empirical Research about the Effect of Capital Structure to Performance of Listed Companies in Different Competitive Industries,F272
  20. Study on SMES’ Corporate Governance’s Impact on Capital Structure,F275
  21. Study on the Industry Discrepancies and Influence Factors of Capital Structure of Listed Companies,F275

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net  Mobile