Title :
CEO Power on Corporate Performance in Chinese Market
Author :
Li, Hui ; Han, Liyan ; Li, Donghui
Author_Institution :
Sch. of Econ. & Manage., Beihang Univ., Beijing
Abstract :
This paper examines the CEO power on corporate performance in Chinese market from 1999 to 2004. The empirical results indicate that CEO power and corporate performance are positively related, but CEO power and performance variability are negatively related. This conclusion is not consistent with Adams, RB.´s, because of the particularity of Chinese market system. Based on the conclusion, we suggest some solutions which combine the restraint and incentive mechanism to the high concentration of CEO power.
Keywords :
power markets; CEO power; Chinese market; corporate performance; restraint-incentive mechanism; Banking; Energy management; Finance; Government; Helium; Power generation economics; Power system reliability; Stock markets; System testing; Uncertainty;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.1386
