Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1003607 | Research in International Business and Finance | 2007 | 18 Pages |
Abstract
This paper examines the relationship between corporate governance and CEO compensation in China. In contrast to results derived from U.S. data, we find little evidence that Chinese CEOs take advantage of weaker board structures or less demanding shareholders to extract higher compensation packages. Instead, our results lend support to the view that the increasingly global managerial labor market and compensation standards have a greater impact on CEO pay level. Our study suggests that CEOs in developing economies like China, in our case, benefit more from their degree of exposure to these changes than from corporate governance imperfections.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Donghui Li, Fariborz Moshirian, Pascal Nguyen, Liwen Tan,