Proceedings of the 2013 International Conference on Education, Management and Social Science (ICEMSS-13)

Executives External Pay Gap, Ownership Concentration and Corporate Performance

Authors
Juan Wang
Corresponding Author
Juan Wang
Available Online August 2013.
DOI
https://doi.org/10.2991/icemss.2013.19How to use a DOI?
Keywords
External pay gap, tournament theory, behavior theory, ownership concentration
Abstract
Researches on the influence of external pay gap of executives on corporate performance have not come to a unanimous conclusion, and studies that the ownership structure was involved in their relationship have not been confirmed. This paper attempts to study the influence of external pay gap of executives on the corporate performance as well as the function of ownership concentration on the pay gap from the perspective of external equity. The empirical results show that the positive gap has a positive influence on the corporate performance, and this kind of influence is reduced with the increase in the gap, and the negative pay gap has no significant correlation with the firm performance. Meanwhile, the higher the ownership concentration ratio is, the smaller the executives external pay gap will be. Empirical results indicate that these listed companies in China should raise the pay gap to maintain the incentive energy and the ownership structure reform could bring change in the pay gap.
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Proceedings
2013 International Conference on Education, Management and Social Science (ICEMSS-13)
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2013
ISBN
978-90-78677-80-2
ISSN
1951-6851
DOI
https://doi.org/10.2991/icemss.2013.19How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Juan Wang
PY  - 2013/08
DA  - 2013/08
TI  - Executives External Pay Gap, Ownership Concentration and Corporate Performance
BT  - 2013 International Conference on Education, Management and Social Science (ICEMSS-13)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/icemss.2013.19
DO  - https://doi.org/10.2991/icemss.2013.19
ID  - Wang2013/08
ER  -