A hybrid knowledge-sharing model for corporate foreign investment in China's construction market
Expert Systems with Applications: An International Journal
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Using comprehensive financial and accounting data on Chinese listed companies in 2007, this paper examines executive compensation structure. I find that corporate performance is positively related to the percentage of equity-based compensation to total compensation. I also find that equity-based compensation has a positive impact on the company's financial performance, and higher than on the market performance. Finally, the nature of state-owned enterprises helps to improve the financial performance, but not to improve market performance.