Description
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,

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 their approaches on managerial stock compensation design using a case study approach. The thesis concludes with a summary of major findings and a discussion of policy implications.
Reuse Permissions
  • Downloads
    PDF (1.2 MB)
    Download count: 4

    Details

    Title
    • A Case Study of Executive Stock Compensation Design for The State-Owned Firms
    Contributors
    Date Created
    2016
    Resource Type
  • Text
  • Collections this item is in
    Note
    • Doctoral Dissertation Business Administration 2016

    Machine-readable links