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dc.contributor.authorJian, J.
dc.contributor.authorLi, H.
dc.contributor.authorMeng, Leah
dc.contributor.authorZhao, C.
dc.date.accessioned2020-08-24T02:44:21Z
dc.date.available2020-08-24T02:44:21Z
dc.date.issued2020
dc.identifier.citationJian, J. and Li, H. and Meng, L. and Zhao, C. 2020. Do policy burdens induce excessive managerial perks? Evidence from China's stated-owned enterprises. Economic Modelling. 90: pp. 54-65.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/80725
dc.identifier.doi10.1016/j.econmod.2020.05.002
dc.description.abstract

© 2020 Elsevier B.V.

This paper explores the effect of policy burdens of China's state-owned enterprises (SOEs) on senior executives’ excessive perks. The empirical analysis demonstrates that SOE policy burdens are significantly and positively correlated with senior executives’ excessive perks, indicating that SOE policy burdens increase agency cost. The results hold after controlling for potential endogeneity. Moreover, we find the following evidences. Strategic policy burdens of SOEs have a significantly greater impact on their senior executives’ excessive perks, compared with social policy burdens. The positive impact of SOE policy burdens on excessive perks is significantly weaker in east China due to the higher degree of marketization. The central government's stricter supervision can also alleviate the positive correlation between policy burdens of centrally administered SOEs and senior executives’ excessive perks.

dc.languageEnglish
dc.publisherELSEVIER
dc.subjectSocial Sciences
dc.subjectEconomics
dc.subjectBusiness & Economics
dc.subjectPolicy burdens
dc.subjectExcessive perks
dc.subjectSOEs
dc.subjectMarketization
dc.subjectCORPORATE GOVERNANCE
dc.subjectPOLITICAL CONNECTIONS
dc.subjectFIRM PERFORMANCE
dc.subjectAGENCY PROBLEMS
dc.subjectOWNERSHIP
dc.subjectGOVERNMENT
dc.subjectMARKET
dc.subjectCOSTS
dc.subjectINCENTIVES
dc.subjectECONOMICS
dc.titleDo policy burdens induce excessive managerial perks? Evidence from China's stated-owned enterprises
dc.typeJournal Article
dcterms.source.volume90
dcterms.source.startPage54
dcterms.source.endPage65
dcterms.source.issn0264-9993
dcterms.source.titleEconomic Modelling
dc.date.updated2020-08-24T02:44:18Z
curtin.departmentSchool of Accounting
curtin.accessStatusFulltext not available
curtin.facultyFaculty of Business and Law
curtin.contributor.orcidMeng, Leah [0000-0002-5182-8890]
dcterms.source.eissn1873-6122


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