Chen, Shenglan; Lin, Bingxuan; Lu, Rui; Zhang, Ting - In: Journal of International Financial Markets, … 34 (2015) C, pp. 147-160
shareholder incentive affect the pay-for-performance sensitivity. The reform converts the shares owned by controlling shareholders … that the pay-for-performance sensitivity improves greatly after the reform. Changes in the pay-for-performance sensitivity …