Corporate Governance and Productivity: An Exploration on a Panel of Chinese Firms

摘要：

This paper investigates the relationship between firm productivity and corporate governance, including ownership structure, incentive compensation and board characteristics. Using TFP approach, I find both ownership concentration and total compensation are positively related to TFP. State ownership and the power of the first largest shareholder have negative effects on TFP. Using demand labour function approach, I get some contrary results, which need to be studied further.

关键词： TFP ownership compensation technology

作者: LI Jieyu

作者单位: College of Lingnan, Zhongshan University, Guangzhou, China, 510310

会议类型: 国际会议

会议名称: The 1st International Conference on Financial Risk and Corporate Financial Management(第一届金融风险与公司财务管理国际研讨会)

会议地点: 大连

会议语种:英文

页码: 1-5

在线出版日期: 2009-06-29（万方平台首次上网日期，不代表论文的发表时间）