Top Management Salary, Stock Ratio and Firm Performance: A Comparative Study of State-owned and Private Listed Companies in China

Author

Wu, Mangui ; Shu, Shunmin

Author_Institution

Zhejiang Univ. Hangzhou, Hangzhou

fYear

2006

fDate

17-20 Sept. 2006

Firstpage

42

Lastpage

45

Abstract

Using data collected from 547 state-owned and 95 private companies listed on China´s stock market, this study compares the two groups on the relationship of top management salary, its increase and the stock ratio they hold, on one side, and firm performance, on the other side. Results of univariate and regression analysis indicate that there is no significant difference between state-owned and private companies on top management salary and the stock ratio they hold. The increase of top management salary is not related to firm performance. The stock ratio top management hold is not related to the intensity of competition in the industry, and it has no impact on firm performance. Implications and future research directions are also discussed.

Keywords

regression analysis; salaries; stock markets; China; firm performance; private listed companies; regression analysis; state-owned companies; stock market; stock ratio; top management salary; univariate analysis; Companies; Costs; Data security; Engineering profession; Financial management; Government; Information security; Regression analysis; Remuneration; Stock markets; Firm Performance; Salary; Stock Incentive;

fLanguage

English

Publisher

ieee

Conference_Titel

Engineering Management Conference, 2006 IEEE International

Conference_Location

Bahia

Print_ISBN

1-4244-0285-9

Electronic_ISBN

1-4244-0286-7

Type

conf

DOI

10.1109/IEMC.2006.4279812

Filename

4279812