The power influence of executives and corporate investment efficiency: empirical evidence from Chinese state-owned enterprises
Yewei Huang,
Junqin Qiu
Abstract:Previous literature has explored investment efficiency in terms of executive incentives, supervisory mechanisms, information disclosure, agency conflicts, and managerial capabilities. This study focuses on analysing the power influence of executives in the context of Chinese State-Owned Enterprises (SOEs) from the two hypotheses of “economic man” and “social man”, aiming to improve the research between the power influence of executives and investment efficiency. This study adopts principal component analysis t… Show more
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