Effect of Managerial Discretion on CEO Pay-performance Sensitivity

被引：0
|
作者：
Zhang, Changzheng [1 ]
Xie, Jie [2 ,3 ]
Zhang, Genlin [3 ]
机构：
[1] Xian Univ Technol, Sch Business Adm, Xian 710054, Peoples R China
[2] Xian Univ Architechture & Technol, Foreign Studies Dept, Xian 710055, Peoples R China
[3] Xi An Jiao Tong Univ, Sch Management, Xian 710049, Peoples R China
来源：
ADVANCES IN BUSINESS INTELLIGENCE AND FINANCIAL ENGINEERING | 2008年 / 5卷
关键词：
CEO Pay-performance sensitivity; Managerial discretion; Corporate governance; Listed firms;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Both Chinese and foreign scholars have discussed many factors that affect CEO pay-performance sensitivity. However, the persistently low CEO pay-performance sensitivity is still not explained effectively. From the perspective of internal governance structure, managerial discretion is introduced as a variable comprehensively reflecting corporate governance quality into traditional Hermalin model and a new theoretical model focusing on the effect of managerial discretion on CEO pay-performance sensitivity is constructed. Based on the model, the paper finds that managerial discretion can affect CEO pay-performance sensitivity negatively to a great deal.
引用
收藏
页码：700 / +
页数：3
相关论文
共 50 条
  • [1] Empirical Study on Effect of Managerial Discretion on CEO Pay-performance Sensitivity
    Zhang Changzheng
    Xie Jie
    [J]. 2008 INTERNATIONAL CONFERENCE ON RISK MANAGEMENT AND ENGINEERING MANAGEMENT, ICRMEM 2008, PROCEEDINGS, 2008, : 616 - +
  • [2] CEO pay-performance sensitivity and pay for luck and asymmetry
    Ning, Yixi
    Hu, Bill
    Xu, Zhi
    [J]. MANAGERIAL FINANCE, 2024,
  • [3] CEO prior uncertainty and pay-performance sensitivity
    Lee, Jiyoon
    [J]. JOURNAL OF FINANCIAL RESEARCH, 2023, 46 (04) : 1021 - 1045
  • [4] The effect of race on CEO pay-performance sensitivity in South Africa
    Bussin, Mark
    Barrett, Sean
    [J]. SOUTH AFRICAN JOURNAL OF LABOUR RELATIONS, 2016, 40 (02): : 8 - 29
  • [5] CEO control, corporate performance and pay-performance sensitivity
    Amzaleg, Yaron
    Azar, Ofer H.
    Ben-Zion, Uri
    Rosenfeld, Ahron
    [J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2014, 106 : 166 - 174
  • [6] Managerial expertise, private information, and pay-performance sensitivity
    Dutta, Sunil
    [J]. MANAGEMENT SCIENCE, 2008, 54 (03) : 429 - 442
  • [7] Effect of CEO Power on Executive Pay-Performance Sensitivity: A literature Review
    Zhang, Changzheng
    Gao, Zhuoqin
    [J]. PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT, INFORMATION AND MEDICINE (EMIM 2015), 2015, 8 : 476 - 481
  • [8] CEO PAY-PERFORMANCE SENSITIVITY IN THE SOUTH AFRICAN CONTEXT
    Bussin, Mark
    [J]. SOUTH AFRICAN JOURNAL OF ECONOMIC AND MANAGEMENT SCIENCES, 2015, 18 (02): : 232 - 244
  • [9] Managerial discretion, say on pay, and CEO compensation
    Baixauli-Soler, J. Samuel
    Lozano-Reina, Gabriel
    Sanchez-Marin, Gregorio
    [J]. MANAGEMENT DECISION, 2021, 59 (06) : 1333 - 1362
  • [10] Export diversification, CEO compensation and CEO pay-performance sensitivity: lesson from china
    Hui Dai
    Licong Xing
    Yousaf Ali Khan
    [J]. Current Psychology, 2024, 43 : 8133 - 8148
12345