Artikel
Overemployment, executive pay-for-performance sensitivity and economic consequences: Evidence from China
Using a sample of state-owned enterprises (SOEs) listed on the Shanghai and Shenzhen Stock Exchanges during the 1999-2009 period, we investigate the effects of overemployment on executives' pay-for-performance sensitivity (PPS) and analyze how the behavior of firms with high/low PPS affects the number of surplus employees. We find the existence of a redundant workforce significantly weakens PPS and the role of accounting measures in performance assessment. In contrast to prior literature, we find that higher PPS is associated with a stronger incentive to lay off redundant employees and to limit future employee numbers. We also find that weaker government intervention strengthens managerial control over the future size of the workforce. Finally, our findings suggest that a heavier government policy burden on SOEs leads to lower tax rates and more government gains.
- Sprache
-
Englisch
- Erschienen in
-
Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 5 ; Year: 2012 ; Issue: 1 ; Pages: 1-26 ; Amsterdam: Elsevier
- Klassifikation
-
Management
Corporate Finance and Governance: Government Policy and Regulation
Wage Level and Structure; Wage Differentials
Accounting and Auditing: Government Policy and Regulation
- Thema
-
Government intervention
Surplus labor force
Pay-for-performance sensitivity
Policy burden
Policy gains
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Chen, Donghua
Shen, Yongjian
Xin, Fu
Zhang, Tianqin
- Ereignis
-
Veröffentlichung
- (wer)
-
Elsevier
- (wo)
-
Amsterdam
- (wann)
-
2012
- DOI
-
doi:10.1016/j.cjar.2012.03.001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Chen, Donghua
- Shen, Yongjian
- Xin, Fu
- Zhang, Tianqin
- Elsevier
Entstanden
- 2012
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