| Top Management Compensation and the KMV Default Risk in China | |
|---|---|
| 學年 | 98 |
| 學期 | 1 |
| 出版（發表）日期 | 2009-09-01 |
| 作品名稱 | Top Management Compensation and the KMV Default Risk in China |
| 作品名稱（其他語言） | |
| 著者 | Yen, Sin-hui; Chiu, Chien-liang; Ting, Wei |
| 單位 | 淡江大學財務金融學系 |
| 出版者 | New Delhi: Taru Publications |
| 著錄名稱、卷期、頁數 | Journal of Statistics and Management System 12(3), pp.499-510 |
| 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. |
| 關鍵字 | |
| 語言 | en |
| ISSN | 0972-0510 2169-0014 |
| 期刊性質 | 國外 |
| 收錄於 | EI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | IND |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/72583 ) |
| SDGS | 優質教育 |
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