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Author: Hagen Wülferth
Publisher: Springer Science & Business Media
ISBN: 3642358373
Category : Business & Economics
Languages : en
Pages : 557
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Book Description
The theoretical and empirical literature to date has fallen short of reaching a consensus as to whether granting more managerial discretion to managers tends to enhance, not alter or diminish organizational performance (the discretion puzzle). This book aims to build a bridge between these contradictory results by synthesising principal-agent theory, stewardship theory, and managerial discretion theory into a new empirically-validated model. Using a representative sample of 'double-blind' interviews with managers of 467 firms in China and applying partial least squares path modelling (PLS), the study identifies a potential cause of the discretion puzzle: the failure of the extant literature to account for granularity in the way that managers use their discretion. This generates far-reaching implications for theoretical and empirical research as well as practical recommendations for managing managers in multinationals and Chinese companies.
Author: Hagen Wülferth
Publisher: Springer Science & Business Media
ISBN: 3642358373
Category : Business & Economics
Languages : en
Pages : 557
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Book Description
The theoretical and empirical literature to date has fallen short of reaching a consensus as to whether granting more managerial discretion to managers tends to enhance, not alter or diminish organizational performance (the discretion puzzle). This book aims to build a bridge between these contradictory results by synthesising principal-agent theory, stewardship theory, and managerial discretion theory into a new empirically-validated model. Using a representative sample of 'double-blind' interviews with managers of 467 firms in China and applying partial least squares path modelling (PLS), the study identifies a potential cause of the discretion puzzle: the failure of the extant literature to account for granularity in the way that managers use their discretion. This generates far-reaching implications for theoretical and empirical research as well as practical recommendations for managing managers in multinationals and Chinese companies.
Author: Changzheng Zhang
Publisher: Nova Science Pub Incorporated
ISBN: 9781608764600
Category : Science
Languages : en
Pages : 213
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Book Description
Recently, scholars and practitioners have focused on the inverse relationship between managerial payment and corporate performance, which shows how the principle-agent theory cannot adequately explain the decision mechanism of managerial payment. Based on the Managerial Power Approach, the book brings managerial discretion into the investigation on managerial pay. The book makes contributions such as: it constructs measurement index system of managerial discretion based on public reports. The classical ERIC questionnaire measures managerial discretion directly from CEO's by 63 items, while the book divides managerial discretion into resource co-operation power, structure-position power and expertise-reputation power, and then measures them by public report. The two methods have the similar results, and this method has the advantage of being low cost, and easily carried out. It confirms that managerial discretion can manipulate the managerial pay level by the regression analysis of managerial discretion and managerial pay level. It also confirms that the pay level goes beyond the reasonable level too much with the accretion of managerial discretion, which shows that the manipulation effect on pay level does exist. then the book describes the manipulation effect quantitatively. By curve estimation of monitoring intensity effect on manipulation effect, it also gives other relationship curves between them, which shows that the manipulation effect decreases significantly with the accretion of managerial discretion. The book constructs pay performance sensitivity model based managerial discretion. Based on Saltuk Model, the book brings managerial discretion and proves that managerial discretion and pay-performance sensitivity are negatively associated. Then the book confirms that pay performance sensitivity will decrease with an increase of managerial discretion by regressional analysis.
Author: Hailan Yang
Publisher: Elsevier
ISBN: 1780633297
Category : Business & Economics
Languages : en
Pages : 231
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Book Description
This book analyses how China’s firms in the consumer electronics (CE) sector have developed their business strategy and corporate governance during the reform process. The CE sector is one of China’s most important and dynamic manufacturing sectors. As one of the earliest market-oriented sectors after 1978, its experience illustrates the adoption of the Western model of management in China. This is the first book to analyse the link between business strategy, corporate governance and performance of firms, explicitly comparing state-, collective-, and privately-owned firms. This book argues that the competitive dynamics of the market are central to the survival of firms in contemporary China. Focuses on the state, collective and private Chinese firms in the consumer electronics sector Provides insights into the interactions among political, economic and corporate factors in the China business environment that influence the strategies and performance of these firms Compares the corporate governance of these Chinese firms across different ownership forms
Author: Vieira, Elisabete S.
Publisher: IGI Global
ISBN: 1799875989
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
New trends are emerging regarding earnings management and corporate governance showing similarities and striking differences in the practices of different countries and economies. These new trends currently shape the field of modern corporate governance with crucial issues being looked at in governance law and practices, accounting systems, earnings quality and management, stakeholder involvement, and more. In order to advance these new avenues in corporate governance, research looks at accounting policies firms use in different opportunistic circumstances in order to manage earnings, the corporate governance practices in different countries, firm performance, and other dimensions of companies. The understanding of these topics is beneficial in understanding the current state of different types of firms and their practices in modern times. Comparative Research on Earnings Management, Corporate Governance, and Economic Value is focused on the investigation of key challenges and perspectives of corporate governance and earnings management and outlines possible scenarios of its development. The chapters explore this new avenue of research and cover theoretical, empirical, and experimental studies related to different themes in the global context of earnings management and corporate governance. This book is ideal for economists, businesses, managers, accountants, practitioners, stakeholders, researchers, academicians, and students who are interested in the current issues and advancements in corporate governance and earnings management.
Author: Shujie Yao
Publisher: Edward Elgar Publishing
ISBN: 1849807256
Category : Business & Economics
Languages : en
Pages : 219
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Book Description
The Chinese insurance industry has experienced rapid development during the past decade. This original book is the first study in English literature to address the efficiency issue of the Chinese insurance sector, and presents a comprehensive review on alternative methodologies for analyzing firm efficiency. The authors suggest alternative ways to improve performance of insurance companies in China and make useful policy recommendations on regulation, competition and development of the insurance industry. They expand the applications of data envelopment analysis and stochastic frontier analysi.
Author: Stefan Cristian Gherghina
Publisher: MDPI
ISBN: 3036505709
Category : Business & Economics
Languages : en
Pages : 408
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Book Description
This book comprises 19 papers published in the Special Issue entitled “Corporate Finance”, focused on capital structure (Kedzior et al., 2020; Ntoung et al., 2020; Vintilă et al., 2019), dividend policy (Dragotă and Delcea, 2019; Pinto and Rastogi, 2019) and open-market share repurchase announcements (Ding et al., 2020), risk management (Chen et al., 2020; Nguyen Thanh, 2019; Štefko et al., 2020), financial reporting (Fossung et al., 2020), corporate brand and innovation (Barros et al., 2020; Błach et al., 2020), and corporate governance (Aluchna and Kuszewski, 2020; Dragotă et al.,2020; Gruszczyński, 2020; Kjærland et al., 2020; Koji et al., 2020; Lukason and Camacho-Miñano, 2020; Rashid Khan et al., 2020). It covers a broad range of companies worldwide (Cameroon, China, Estonia, India, Japan, Norway, Poland, Romania, Slovakia, Spain, United States, Vietnam), as well as various industries (heat supply, high-tech, manufacturing).
Author: Zhang Cheng
Publisher: Springer Nature
ISBN: 9811631166
Category : Social Science
Languages : en
Pages : 175
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Book Description
This book examines the nature of the marketization of corporate boards following the introduction of the split share reform, corporate board and shareholder relations, corporate performance, and risk-taking conduct in China. The chapters cover topics such as determinants of corporate board size and independence, corporate risk-taking conduct under different controlling shareholder types. The book deepens our understanding of corporate governance mechanisms as most previous studies have limited their findings using mainstream perspectives grounded on neoclassical theory. It outlines that China’s corporate board composition is determined by the board’s scope of operation, monitoring, bargaining power, and other governance mechanisms and regulations. It also offers a comparison between China’s experience with other economies in general and other transition economies in particular. As such, the book represents an essential overview of the current concerns regarding corporate governance in China. It is of great interest to legal researchers, policymakers, and legal practitioners working with business investments in China.
Author: Sarah Cook
Publisher: Springer
ISBN: 0230288162
Category : Business & Economics
Languages : en
Pages : 342
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Book Description
This wide-ranging collection addresses many important issues in China's economy under transition, from grain production to trade, to the development of township enterprises, the restructuring of state-owned enterprises, the emergence of big business, money demand and consumption behaviour. Together, the studies provide insightful analysis and discussion of economic policies, illuminating the institutional context within which reform strategies are negotiated and implemented in different economic sectors.
Author:
Publisher: ScholarlyEditions
ISBN: 1464990735
Category : Business & Economics
Languages : en
Pages : 1468
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Book Description
Economics—Advances in Research and Application: 2012 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Economics. The editors have built Economics—Advances in Research and Application: 2012 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Economics in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics—Advances in Research and Application: 2012 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Author: Deniz S Ones
Publisher: SAGE
ISBN: 1473942780
Category : Psychology
Languages : en
Pages : 3173
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Book Description
The second edition of this best-selling Handbook presents a fully updated and expanded overview of research, providing the latest perspectives on the analysis of theories, techniques, and methods used by industrial, work, and organizational psychologists. Building on the strengths of the first edition, key additions to this edition include in-depth historical chapter overviews of professional contexts across the globe, along with new chapters on strategic human resource management; corporate social responsibility; diversity, stress, emotions and mindfulness in the workplace; environmental sustainability at work; aging workforces, among many others. Providing a truly global approach and authoritative overview, this three-volume Handbook is an indispensable resource and essential reading for professionals, researchers and students in the field. Volume One: Personnel Psychology and Employee Performance Volume Two: Organizational Psychology Volume Three: Managerial Psychology and Organizational Approaches
