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A Case Study of Executive Stock Compensation Design for The State-Owned Firms


Abstract Executive compensation design involving equity shares has been widely used in Europe, the United States and other developed countries where the capital markets are relatively mature. In China, due to the differences in industries, ownership structure, stages of enterprise development, constraints faced by the firms, the executive compensation design using equity shares tends to vary accordingly. For the state-owned companies, the situations are more complex than others. This complexity has not been a focus of the past literature, particularly on the compensation contract design and its subsequent implementation. Based on Coase contract theorem, agency theory and human capital theory, I examined how different state-owned firms vary in thei... (more)
Created Date 2016
Contributor An, Hongjun (Author) / Pei, Ker-Wei (Advisor) / Chen, Hong (Advisor) / Gu, Bin (Committee member) / Arizona State University (Publisher)
Subject Business administration / executive equity incentive / state-owned holding companies / theory and case analysis
Type Doctoral Dissertation
Extent 93 pages
Language Chinese
Copyright
Reuse Permissions All Rights Reserved
Note Doctoral Dissertation Business Administration 2016
Collaborating Institutions Graduate College / ASU Library
Additional Formats MODS / OAI Dublin Core / RIS


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Description Dissertation/Thesis