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دسته بندی:
مدیریت مالی - Financial Management
سال انتشار:
2018
عنوان انگلیسی مقاله:
How do anticorruption measures affect executive incentive?
ترجمه فارسی عنوان مقاله:
چگونه سنجه های ضد انقطاع بر انگیزه اجرایی اثر می گذارد؟
منبع:
Finance Research Letters Volume 24, March 2018, Pages 179-185
نویسنده:
Ni Tian, Zongyi Zhang
چکیده انگلیسی:
This paper investigates how anticorruption measures affect corporate governance, especially the executive incentive mechanism. The results of empirical tests show that in the short term, alleviating corruption does not enhance executives incentive, however, it significantly escalates pay-performance sensitivity. It is also found reductions in executive incentive in state-owned companies are more salient than in non-state-owned companies. The suggestion is that anticorruption measures at firm level should be a long-term strategy and focus on state-owned companies. It provides a new perspective for understanding how anticorruption affects firm behavior and performance and for the literature on executive incentives with political intervention.
keywords: Anticorruption| Executive incentives| Quasi experiment| Difference-in-differences Method
قیمت: رایگان
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