SHS Web of Conferences
Volume 25, 2016ICITCE 2015 – 3rd International Conference on Information Technology and Career Education
|Number of page(s)||6|
|Section||Economy and technology|
|Published online||22 April 2016|
Will the enterprise performance be enhanced by reduction of perks of executives of the state-owned enterprises?
Zhenjiang College, Zhenjiang, Jiangsu, China
This paper carries out the quasi-experiment through the policy implementation of “eight provisions”, and researches the relationship between the perks of the state-owned enterprises and enterprise performance. Before and after the policy implementation through the Difference in Differences (DID), compared with the private enterprises, the state-owned enterprise performance controlled by the local government is significantly declined after the policy implementation, because the perks becomes a way for the executives to obtain personal invisible welfare due to the regulation of the executive compensation of the state-owned enterprise. After the policy implementation of eight provisions, the executive incentive is limited, so that the state-owned enterprise performance e is also declined to a certain extent.
Key words: perks / enterprise executives / state-owned enterprises / enterprise performance
© Owned by the authors, published by EDP Sciences, 2016
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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