Measurement of Managerial Discretion Based on the Public Annual Reports: Evidence from Chinese Listed Firms

Author

Chang-zheng, Zhang ; Xiao-rong, Jiang

Author_Institution

Sch. of Bus. Adm., Xi´´an Univ. of Technol., Xi´´an, China

Volume

3

fYear

2009

fDate

26-27 Dec. 2009

Firstpage

3

Lastpage

6

Abstract

The paper constructs a measurement indices system of managerial discretion based on the data of public reports of Chinese listed firms, and confirms its validity by adopting the data of selected 400 Chinese listed firms during 2002-2004. The classical ERIC questionnaire measures managerial discretion directly from CEOs and the other top managers by 63 items, while the paper divides managerial discretion into resource operation power, structural position power and expert prestige power, and then measures them by adopting the data of public report. The two methods have the similar results, and this method has the advantage of lower cost, and easily carried out.

Keywords

corporate modelling; Chinese listed firms; ERIC questionnaire measures; expert prestige power; managerial discretion measurement; public annual reports; public report; public reports; resource operation power; structural position power; Conference management; Costs; Energy management; Engineering management; Innovation management; Position measurement; Power measurement; Power system management; Resource management; Technology management; China; listed firms; managerial discretion; measurement;

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management, Innovation Management and Industrial Engineering, 2009 International Conference on

Conference_Location

Xi´an

Print_ISBN

978-0-7695-3876-1

Type

conf

DOI

10.1109/ICIII.2009.311

Filename

5370299