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The Stock-based Compensation Programs of Chinese Listed Firms: Determinants and Performance

Liang, Qing LU (2010) NEKM04 20102
Department of Economics
Abstract (Swedish)
The author analyzes the determinants of stock-based compensation in Chinese listed firms and subsequent performance within these firms. My study shows that non-tradable reforms changed the managerial objectives from accounting profit to market performance. The subsequent stock-based incentives in managers have induced measurable changes in behavior at the enterprise level. With regard to the subsequent agency problems in these firms, my study shows that, in addition to the general governance inefficiency, the unique institutional characteristics in Chinese listed firms are also responsible for the agency problems.
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author
Liang, Qing LU
supervisor
organization
course
NEKM04 20102
year
type
H1 - Master's Degree (One Year)
subject
language
English
id
1729773
date added to LUP
2010-11-26 10:47:19
date last changed
2010-11-26 10:47:19
@misc{1729773,
  abstract     = {The author analyzes the determinants of stock-based compensation in Chinese listed firms and subsequent performance within these firms. My study shows that non-tradable reforms changed the managerial objectives from accounting profit to market performance. The subsequent stock-based incentives in managers have induced measurable changes in behavior at the enterprise level. With regard to the subsequent agency problems in these firms, my study shows that, in addition to the general governance inefficiency, the unique institutional characteristics in Chinese listed firms are also responsible for the agency problems.},
  author       = {Liang, Qing},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Stock-based Compensation Programs of Chinese Listed Firms: Determinants and Performance},
  year         = {2010},
}