Communist party organization and abnormal compensation of enterprise executives

Bin Li and Xiaomei Liu

Finance Research Letters, 2023, vol. 57, issue C

Abstract: This paper examines the impact of the construction of the Communist Party Organization on the abnormal remuneration of corporate executives by selecting data on listed companies in China from 2008 to 2020 as the subject of the study. The empirical results show that the communist party organization construction has a significant inhibitory effect on the abnormal compensation of corporate executives, and the inhibitory effect is more significant in the case of low independent directors' diligence, non-standard audit opinions, low institutional investors' shareholding ratio and high-tech enterprises.

Keywords: Communist party organization construction; Abnormal compensation of enterprise executives; Corporate governance; Information transparency (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s154461232300586x

DOI: 10.1016/j.frl.2023.104214

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