Empirical Research on Effect of Managerial Discretion on CEO pay: Monitoring Intensity As Moderator Variable

被引：0
|
作者：
Zhang Changzheng [1 ]
Gan Kai [1 ]
机构：
[1] Xian Univ Technol, Sch Econ & Management, Xian 710054, Peoples R China
来源：
MANAGEMENT, MANUFACTURING AND MATERIALS ENGINEERING, PTS 1 AND 2 | 2012年 / 452-453卷
关键词：
Managerial Discretion; CEO pay; Monitoring intensity; Listed firms; Empirical research;
D O I：
10.4028/www.scientific.net/AMR.452-453.412
中图分类号：
TH [机械、仪表工业];
学科分类号：
0802 ;
摘要：
The paper focuses on the special manipulation effect of managerial discretion on CEO pay considering the moderating role of monitoring intensity in China. The paper empirically indicates that the manipulation effect of managerial discretion on CEO pay does exist, and quantitatively describes the degree of the manipulation effect, which shows that the manipulation effect of managerial discretion on CEO pay significantly decreases. The results prove that monitoring intensity can restrain the manipulation effect of managerial discretion on CEO pay. Only under a certain monitoring intensity, will CEO pay not exceed the reasonable level too heavily.
引用
收藏
页码：412 / 416
页数：5
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