Sensitivity of executive remuneration to social and traditional media exposure in China

Greg Shailer and Shi Shu

International Journal of Corporate Governance, 2024, vol. 14, issue 2, 118-147

Abstract: This study examines Chinese corporations' remuneration sensitivities to their social media and traditional media exposure. Distinguishing privately controlled, central government-controlled and local government-controlled corporations, we estimate relations between changes in relative social and traditional media exposure and subsequent changes in executive remuneration, which is a socially and politically sensitive issue in China. We find that privately controlled corporations appear more sensitive to the threat of public opinion implied by social media exposure, while central government-controlled corporations are more sensitive to traditional media exposure. The results are robust to alternative model specifications and different measures of key variables.

Keywords: social media; news media; traditional media; executive remuneration; corporate governance; corporate ownership; corporate control; corporate sensitivity; executive remuneration; China. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcgov:v:14:y:2024:i:2:p:118-147

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