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Non-family CEO compensation and firm performance: Evidence from Chinese listed family firms

Author
Lu, Kefan
Abstract
Family firms account for more than half of listed firms in China, and they are confronted with serious challenge of introducing professional CEOs. In this paper, my research focuses on the performance implication of non-family CEO compensation. I study how non-family CEO compensation and their compensation gap with family members impact firm performance in Chinese market. I find that firm performance is positively related to both non-family CEO compensation and their compensation gap with family members, indicating that not only the absolute level, but also the relative level of non-family CEO compensation could impact firm performance.
Description
32 pages
Date Issued
2020-05Subject
Compensation gap; Family firm; Firm performance; Non-family CEO
Committee Chair
Hwang, Byoung-Hyoun
Committee Member
Addoum, Jawad
Degree Discipline
Applied Economics and Management
Degree Name
M.S., Applied Economics and Management
Degree Level
Master of Science
Type
dissertation or thesis