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Modern Finance and Economics(Journal of Tianjin University of Finance and Economics). 2014, (10) Core

Government Subsidies:Grant the Company or Executives?Chinese Full Text

ZHAO Yu-heng;SUN Yue;School of Management,Jilin University;

Abstract: This paper selects the samples of Shenzhen and Shanghai A-share listed companies between 2007-2011 and tests the influence of government subsidies on executive compensation.We find government subsidies are used to pay for executives,and its purpose is to maintain executive compensation rather than increase it,which means that the object of government subsidies has been changed.We further find the behavior of using government subsidies to pay for executives doesn’t increase incentive effects,and ... More
Keywords：

government subsidies; executive incentive; corporate performance;

  • DOI：

    10.19559/j.cnki.12-1387.2014.10.002

  • Series：

    (J) Economics ＆ Management

  • Subject：

    Macro-economic Management and Sustainable Development; Enterprise Economy; Finance and Tax

  • Classification Code：

    F812.45;F272.92;F224

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