Top Management Compensation and the KMV Default Risk in China

淡江大學機構典藏 > 商管學院 > 財務金融學系暨研究所 > 期刊論文 > Item 987654321/72583

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題名:	Top Management Compensation and the KMV Default Risk in China
作者:	Yen, Sin-hui;Chiu, Chien-liang;Ting, Wei
貢獻者:	淡江大學財務金融學系
關鍵詞:	Default risk;top management compensation;Chinese stock market;emerging market;corporate governance
日期:	2009-09-01
上傳時間:	2011-10-24 10:35:08 (UTC+8)
出版者:	New Delhi: Taru Publications
摘要:	Although the Chinese economy has achieved an extraordinary rate of growth over recent decades, accompanied by the absorption of considerable amounts of foreign investment, the laws pertaining to business in China are clearly failing to keep pace with the country’s market growth. Investors must therefore carefully assess the associated risks in what is now considered to be the most important of all emerging markets. This study examines the relationship between default risk and top management compensation in the Chinese stock market, with the results revealing that lower levels of top management compensation are accompanied by a greater likelihood of default. This result provides investors and debt holders with greater information on the potential default risk of firms and the important role played by top managers in the Chinese stock market.
關聯:	Journal of Statistics and Management System 12(3), pp.499-510
DOI:	10.1080/09720510.2009.10701403
顯示於類別:	[財務金融學系暨研究所] 期刊論文

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