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Managerial power, compensation gap and firm performance — Evidence from Chinese public listed companies
We study the relationship between compensation gap and firm performance in the Chinese market. Extant studies have shown that, for the publicly traded companies in China, compensation gap betweenExpand
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Tax-Induced Earnings Management in Emerging Markets: Evidence from China
ABSTRACT:  China issued the New Enterprise Income Tax Law in 2007, which changed the corporate income tax rate from 33 percent to 25 percent and came into effect in 2008. Using the simulated marginalExpand
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Pay for accounting performance and R&D investment: Evidence from China
Previous studies argue that due to the complexity and long-term nature of research and development (R&D), there is no significant relationship between pay for short-term accounting performance andExpand
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Controlling shareholders’ incentives and executive pay-for-performance sensitivity: Evidence from the split share structure reform in China
Using the split share structure reform in China as a natural experiment, we study how changes in controlling shareholder incentive affect the pay-for-performance sensitivity. The reform converts theExpand
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The disciplinary effects of short sales on controlling shareholders
Abstract Although the literature (Massa et al., 2011; Karpoff and Lu, 2010) demonstrates the disciplinary effects of short sales on managers, no study has analyzed how short sales can mitigate theExpand
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The Integrity of Financial Analysts: Evidence from Asymmetric Responses to Earnings Surprises
This paper investigates the integrity of financial analysts by examining their recommendation responses to large quarterly earnings surprises. Although there is no significant difference inExpand
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Non-controlling large shareholders in emerging markets: Evidence from China
Abstract Non-controlling large shareholders play an important role in corporate governance in emerging markets where controlling shareholder expropriation is a major concern. We argue thatExpand
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Underfunding or distress? An analysis of corporate pension underfunding and the cross-section of expected stock returns
The pension underfunding anomaly (Franzoni & Marin, 2006) is mainly concentrated in financially distressed sponsors. The predictability of pension underfunding levels on the cross-sectional stockExpand
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Non-CEO top managers’ monitoring power and CEO pay-performance sensitivity in state-owned enterprises: Evidence from Chinese state-owned listed firms
Abstract Few studies have focused on the role of non-CEO top manager inside directors in corporate governance, especially in the context of emerging countries. Despite their tendency to be subject toExpand
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Data-Driven Evidential Reasoning Method for Evaluating e-Government Performance
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