This study investigates the impact of corporate performance and governance on executive remuneration in a Chinese market setting. Using Generalized Method Moments (GMM) estimation approach for sample 860 non-financial firms listed Stock Exchanges over 15 years period 2004–2018, found positive significant association between profitability pay. The further reports that ownership concentration is ...

We introduce a simple generalization of G ardenfors and Makinson’s epistemic entrenchment called partial entrenchment. We show that preferential inference can be generated as the sceptical counterpart of an inference mechanism de ned directly on partial entrenchment.

Titman and Wessels (1988) have used alternative debt instruments and factor analysis techniques (LISREL approach) to study the theories of optimal capital structure. Dittmar and Thakor (2007) developed a new theory called “managerial investment autonomy” to explain that a firm’s stock price and its capital structure are simultaneously decided. The main purpose of this paper is to integrate the ...

Board classification is a common corporate governance provision that staggers the annual election of directors. Critics of board classification contend that the governance arrangement moderates an incumbent manager’s exposure to the market for corporate control, motivating empirical claims that board classification is causally associated with greater principal-agent conflict and a reduction in ...

In contrast to other prominent models of belief change models based on epistemic entrenchment have up to now been applicable only in the context of very strong packages of requirements for belief revision This paper decomposes the axiomatization of entrenchment into independent modules Among other things it is shown how belief revision satisfying only the basic postulates of Alchourr on G arden...

Spontaneously produced Russian speech errors were analyzed for factors that may be expected to determine cognitive entrenchment. The results suggest that entrenchment determinants are relevant throughout the process of spoken language production, including phonological encoding, lemma retrieval, selection of inflected word forms, and grammatical agreement computation, and that the degree of ent...

In order to reason about the real world, intelligent systems must have ways of dealing with incomplete and inconsistent information. This issue is addressed in the study of nonmonotonic reasoning, truth maintenance and database update. Belief revision is a formal approach which is central to these areas. This thesis describes a computational approach to the logic of belief revision developed by...

We show that Gabbay’s nonmonotonic consequence relations can be reduced to a new family of relations, called entrenchment relations. Entrenchment relations provide a direct generalization of epistemic entrenchment and expectation ordering introduced by Gärdenfors and Makinson for the study of belief revision and expectation inference, respectively.