文章基本信息

标题：Does Ownership Structure Affect the Motivation of Compensation Contract of Earnings Management? —From China’s Data
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作者：Jing Long ; Yanxi Li ; Xiuwen Xu 等
期刊名称：Journal of Service Science and Management
印刷版ISSN：1940-9893
电子版ISSN：1940-9907
出版年度：2011
卷号：4
期号：3
页码：351-356
DOI：10.4236/jssm.2011.43041
出版社：Scientific Research Publishing
摘要：This paper is to explore that if ownership structure exactly affects on earnings management, especially on how to constrain executive compensation motivation to earnings management in the emerging market of China. We use five variables to quantify various corporate governance mechanisms including ownership structure and executive compensation for 1024 listed firms sample within two years. We find that earnings management is positively affected by executive compensation motivation, while this influence is constrained mostly by ownership concentration. This finding reflects the current situation for the weak corporate governance in the emerging market of China. Therefore, such a significant relationship is useful to control level of earnings management and improve the China’s emerging market developing healthily, stably and harmoniously.
关键词：Ownership Concentration; Executive Compensation; Earnings Management; Corporate Governance