Abstract This paper empirically analyzes the influence of executive power on implicit corruption and the moderating effect of equity incentive on the relationship between them by processing the data of A-listed companies at Shanghai and Shenzhen Stock Exchanges during 2011-2015. The results show that executive power is significantly correlated with implicit corruption and the equity incentive can effectively suppress the implicit corruption. Further studies show that the relationship between executive power and implicit corruption is more obvious in SOEs, and the effect of equity incentive is more significant in Non-SOEs.
2017, Vol. 34 
