Do policy burdens induce excessive managerial perks? Evidence from China's stated-owned enterprises
dc.contributor.author | Jian, J. | |
dc.contributor.author | Li, H. | |
dc.contributor.author | Meng, Leah | |
dc.contributor.author | Zhao, C. | |
dc.date.accessioned | 2020-08-24T02:44:21Z | |
dc.date.available | 2020-08-24T02:44:21Z | |
dc.date.issued | 2020 | |
dc.identifier.citation | Jian, 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.uri | http://hdl.handle.net/20.500.11937/80725 | |
dc.identifier.doi | 10.1016/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.language | English | |
dc.publisher | ELSEVIER | |
dc.subject | Social Sciences | |
dc.subject | Economics | |
dc.subject | Business & Economics | |
dc.subject | Policy burdens | |
dc.subject | Excessive perks | |
dc.subject | SOEs | |
dc.subject | Marketization | |
dc.subject | CORPORATE GOVERNANCE | |
dc.subject | POLITICAL CONNECTIONS | |
dc.subject | FIRM PERFORMANCE | |
dc.subject | AGENCY PROBLEMS | |
dc.subject | OWNERSHIP | |
dc.subject | GOVERNMENT | |
dc.subject | MARKET | |
dc.subject | COSTS | |
dc.subject | INCENTIVES | |
dc.subject | ECONOMICS | |
dc.title | Do policy burdens induce excessive managerial perks? Evidence from China's stated-owned enterprises | |
dc.type | Journal Article | |
dcterms.source.volume | 90 | |
dcterms.source.startPage | 54 | |
dcterms.source.endPage | 65 | |
dcterms.source.issn | 0264-9993 | |
dcterms.source.title | Economic Modelling | |
dc.date.updated | 2020-08-24T02:44:18Z | |
curtin.department | School of Accounting | |
curtin.accessStatus | Fulltext not available | |
curtin.faculty | Faculty of Business and Law | |
curtin.contributor.orcid | Meng, Leah [0000-0002-5182-8890] | |
dcterms.source.eissn | 1873-6122 |