What Drives Managerial Perks? An Empirical Test of Competing Theoretical Perspectives

Hua Zhang (First Author), Yuan Ding (Participant Author), Yuanyang Song (Participant Author)

科研成果: 期刊稿件期刊论文

19 引用 (Web of Science)

摘要

What drives managerial perks? The commonly accepted view of perks suggests that they are a misuse of firm resources for managers’ private benefit (cost view), and thus perk consumption is unethical. However, an alternative view argues that perks can motivate managers to work hard and thus add to the value of the firm (incentive view): from this perspective, perk consumption is an ethical form of behavior. The fundamental difference between the two positions has critical implications for practice, and this article tests these competing views to determine the circumstances in which one view dominates the other. Using hand-collected data on perks in Chinese-listed companies, we find strong empirical support for the incentive view, which is more likely to be held in firms with moderate ownership concentration. This article not only contributes to the literature on business ethics, but also has critical implications for managerial incentive practices in emerging economies.
源语言英语
页(从-至)259-275
期刊Journal of Business Ethics
132
2
DOI
出版状态已出版 - 2015

Corresponding author email

yysong@ecust.edu.cn

Project name

CEIBS Research Fund

Project sponsor

其他

Project No.

N/A

关键词

  • Agency theory
  • China
  • Ethics
  • Incentive
  • Perks

成果物的来源

  • FT
  • ABDC-A
  • Scopus
  • SSCI

指纹

探究 'What Drives Managerial Perks? An Empirical Test of Competing Theoretical Perspectives' 的科研主题。它们共同构成独一无二的指纹。

引用此