کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1004408 1481883 2012 26 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Overemployment, executive pay-for-performance sensitivity and economic consequences: Evidence from China
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Overemployment, executive pay-for-performance sensitivity and economic consequences: Evidence from China
چکیده انگلیسی

Using a sample of state-owned enterprises (SOEs) listed on the Shanghai and Shenzhen Stock Exchanges during the 1999–2009 period, we investigate the effects of overemployment on executives’ pay-for-performance sensitivity (PPS) and analyze how the behavior of firms with high/low PPS affects the number of surplus employees. We find the existence of a redundant workforce significantly weakens PPS and the role of accounting measures in performance assessment. In contrast to prior literature, we find that higher PPS is associated with a stronger incentive to lay off redundant employees and to limit future employee numbers. We also find that weaker government intervention strengthens managerial control over the future size of the workforce. Finally, our findings suggest that a heavier government policy burden on SOEs leads to lower tax rates and more government gains.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Journal of Accounting Research - Volume 5, Issue 1, March 2012, Pages 1–26
نویسندگان
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