Legislative political connections and CEO compensation in China

被引：0
作者：
Russell Fralich
Hong Fan
机构：
[1] HEC Montreal,Department of Management
[2] Saint Mary’s University,Department of Accounting, Sobey School of Business
来源：
Asian Business & Management | 2018年 / 17卷
关键词：
China; CEO; Compensation; Political connection; Resource dependency;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
In this paper, we argue that the characteristics of ties represent a boundary condition of resource-dependency theory for explaining the benefits of political connections. We support this contention with a study of the linkage between CEO compensation and two types of Chinese legislative political ties: the one to the National People’s Congress (NPC) and the other to the Chinese People's Political Consulative Committee (CPPCC). We find that political ties do not necessarily provide access to critical resources and guarantee higher compensation. Our results suggest that the two legislative political ties represent distinct sources of managerial power resulting in different relationships with CEO pay.
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页码：112 / 139
页数：27
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