Title: The Impirical Study on The Choice of Performance Base for Executive Incentive of The Listed companies in China
Abstract: The paper takes the listed companies in China as samples in order to analyse impirically the issue on the choice of performance base for executive incentive.this research finds that the reward contracts of managers in our country's listed companies,which depend only on accounting performance and exclude market performance and relative performance,easily result in shortsighted actions of managers and raise of the agency cost.So we must adjust the structure of the reward contracts for managers and set up the reward incentive machanism based on the accounting performanceand market performance.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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