Document Type

Journal Article

Department/Unit

Department of Accountancy and Law

Title

How ownership structures affect the relations between product market competition, and pay-performance sensitivity

Language

English

Abstract

The aim of this paper is to examine how concentrated ownership structures affect the positive association between industry competitions and pay-performance sensitivities. This is an empirical study to analyze the data from four East Asian markets (China, Hong Kong, Singapore and Taiwan) during 2001-2006. According to the literature review, this is the first paper to find that industry competitions do not play governance role when firms are controlled by families or states. These findings enhance our understandings on the association between industry- and firm-level governance mechanisms.

Keywords

Corporate Governance, Pay-Performance Sensitivity, Industry Concentration, Ownership Structure

Publication Date

2014

Source Publication Title

Journal of Accounting, Finance and Economics

Volume

4

Issue

1

Start Page

53

End Page

67

Publisher

World Business Institute

ISSN (print)

18383459

ISSN (electronic)

22007970

This document is currently not available here.

Share

COinS