Executive Compensation and Ownership Structure:An Empirical Investigation of Chinese Small and Medium-sized Listed Enterprises

摘要：

This paper examines the effect of Chinese listed small-and-medium-sized enterprises ownership structure on executive compensation.Based on the data from Shenzhen Stock Exchange during 2007,2008 and 2009,the percentage of shares held by executives and the percentage of shares held by the top one shareholder are significantly and negatively related to executive compensation.But the percentage of state-owned shares and the percentage of exchangetraded shares have no effect on executive compensation.

关键词： Small and Medium-sized Enterprises Executive Compensation Ownership Structure

作者: CHEN Yin ZHANG Xiaoqin

作者单位: Zhejiang Gongshang University,P.R.China

会议类型: 国际会议

会议名称: The Twelfth West Lake International Conference on Small & Medium Business(第十二届西湖国际中小企业研讨会 WLICSMB 2010)

会议地点: 杭州

会议语种:英文

页码: 809-817

在线出版日期: 2010-10-24（万方平台首次上网日期，不代表论文的发表时间）