Buck, T. , Liu, X. and Skovoroda, R. (2008) Top executive pay and firm performance in China. Journal of International Business Studies, 39(5), pp. 833-850. (doi: 10.1057/palgrave.jibs.8400386)
Full text not currently available from Enlighten.
Publisher's URL: http://www.palgrave-journals.com/jibs
Abstract
The sensitivity of executive pay to share price performance has been the main focus of Western executive pay studies, reflecting shareholders’ efforts to reduce agency problems by better aligning the rewards of executives with their own. However, these studies have ignored motivational effects and possible two-way pay–performance causation. This paper reports Chinese executive pay–performance sensitivity, with international comparisons, to examine whether China’s unique institutional environment has produced outcomes consistent with those for Western market economies. This same unique environment makes possible the first estimates of two-way causation based on panel data analysis. The results show that executive pay and firm performance mutually affect each other through both reward and motivation.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Buck, Professor Trevor |
| Authors: | Buck, T., Liu, X., and Skovoroda, R. |
| Subjects: | H Social Sciences > HF Commerce |
| College/School: | College of Social Sciences > Adam Smith Business School > Management |
| Research Group: | Centre for International Entrepreneurship Research |
| Journal Name: | Journal of International Business Studies |
| Journal Abbr.: | JIBS |
| ISSN: | 0047-2506 |
| ISSN (Online): | 1478-6990 |
| Published Online: | 01 January 2008 |
University Staff: Request a correction | Enlighten Editors: Update this record
Altmetric
Altmetric