How does independent directors’ reputation influence pay‐for‐performance? Evidence from China
نویسندگان
چکیده
We examine the impact of independent directors’ reputations on executive pay-performance sensitivity. Using hand-collected data from listed Chinese companies 2012 to 2017, we find a positive association between and sensitivity that is more pronounced in with less concentrated ownership. Further, results show reputable directors have stronger influence when they sit remuneration committee, are state-owned enterprises, higher agency costs. Our highlight monitoring role setting effective compensation contracts.
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ژورنال
عنوان ژورنال: Accounting and finance
سال: 2021
ISSN: ['0810-5391', '1467-629X']
DOI: https://doi.org/10.1111/acfi.12815