Split Share Structure Reform, Corporate Governance and CEO Compensation

• Main Author: 邱錦玟
• Other Authors: 陳俞如
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/56927422192825269655

碩士 === 國立彰化師範大學 === 財務金融技術學系 === 102 === This thesis investigates the relation between foreign ownership, chief executive officer (CEO) duality and pay-performance sensitivity before and after the split share structure reform. The samples are about 1191 firms' annual data of China from 2006 to 2010. We find that foreign ownership have no relation to pay-performance sensitivity before the reform. We also find that the pay-performance sensitivity is significantly negative related to dual CEO and board chair before the reform. After split share structure reform, the foreign investment is not significant related to pay-performance sensitivity. However, the relation between dual CEO and board chair and pay-performance sensitivity will be changed after reform. Dual CEO and board chair is significantly positive related to pay-performance sensitivity.