Empirical Research on Management Incentives and Corporate Risk-taking Based on Analysis of A-share Listed Companies
- DOI
- 10.2991/icemse-19.2019.63How to use a DOI?
- Keywords
- management salary incentives, management shareholding incentives, corporate risk-taking
- Abstract
The global financial crisis that erupted in 2008 has led to an in-depth study of corporate risk-taking issues. This paper selects 2013-2017 China’s A-share main board listed company as the research sample and builds an index system to measure the management's salary incentive, shareholding incentive and enterprise risk-taking. Using the STATA, the sample data is analyzed by regression analysis and get following major conclusions: (1) Management salary and shareholding incentives have a facilitating effect on corporate risk-taking and can enhance the level of corporate risk-taking; (2) The promotion effect of management incentives on corporate risk-taking in non-state-owned enterprises are more effective and more sensitive. Finally, this paper proposes relevant suggestions for improving the management incentive mechanism of listed companies.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Haihong Li AU - Yufei Wang AU - Jiting Xu PY - 2019/09 DA - 2019/09 TI - Empirical Research on Management Incentives and Corporate Risk-taking Based on Analysis of A-share Listed Companies BT - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019) PB - Atlantis Press SP - 275 EP - 279 SN - 2352-5428 UR - https://doi.org/10.2991/icemse-19.2019.63 DO - 10.2991/icemse-19.2019.63 ID - Li2019/09 ER -