Abstract:
This paper adopts data of China’s A-share listed companies, empirical by tests whether manager power and marketing process can influence manager excessive compensation, as well as enterprises with different property right, the difference inhibition of manager power by marketing process. The research finds out that: first, the greater the manager power, the more the manager compensation; second, marketing process can effectively restrain the effect of manager power on excessive compensation; third, there is an obvious inhibition effect of marketing process on manager power in state-owned enterprises.
LU Zhi-qiang, LI Hong-yu.Manager Power, Marketing Process and Manager Excessive Compensation—— A Comparative Analysis of Different Property Right[J] Economic Survey, 2014,V31(3): 108-113