Board of director compensation in China: To pay or not to pay? How much to pay?

Zonghao Chen and Keefe, Michael O’Connor

Emerging Markets Review, 2018, vol. 37, issue C, 66-82

Abstract: Over the period 2005 through 2015, we find that director compensation in Chinese listed firms is influenced by both director characteristics and ownership structure. We measure director compensation by both the propensity to be paid and the level of compensation. For independent directors, we find that director busyness, tenure, and ownership concentration positively influence and state-ownership negatively influences director compensation. For non-independent directors, we find that tenure positively influences and that both state-ownership and related directors negatively influence director compensation. Lastly, our evidence suggests that women directors in China are not underpaid.

Keywords: Director compensation; Director characteristics; Ownership structure (search for similar items in EconPapers)
JEL-codes: G32 G34 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:37:y:2018:i:c:p:66-82

DOI: 10.1016/j.ememar.2018.05.003

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