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With the recent fierce development of financial crisis, more and more theorists and practitioners have focused on both the excessively high executive compensation and the inversed relation between executive compensation and firm performance, which shows that the principal-agent theory can not explain the determining mechanism of executive compensation any more. By adopting the emerging managerial...
As a widespread phenomenon in modern industrial firms, turnover is exerting much stronger effect on industrial firms performance, which has received much attention from scholars all over the world. The paper provides a summary on the studies on the relationship between employees' turnover rate and organizational performance. According to the review, there are four different results on the relationship...
There are rather few scholars who have discussed the role of monitoring intensity both in the western countries and in China when managerial discretion is discussed. However, this paper proposes that managerial discretion and monitoring intensity are the two associated mechanisms and they are also relatively independent with each other, and the two mechanisms simultaneously determine the rationality...
It is a great trend for the academic circle to make investigation on CEO comensation from the persepctive of managerial discretion. This paper makes a review on the literature referring to the effect of managerial discretion on CEO compensation. Based on the concepts definition of managerial discretion and CEO compensation, the thorough investigation on the literature reveals that, (1) Managerial...
The paper proposes a four-factor model on the success of knowledge management (KM). According to the analysis results, managerial factors are the core components of the model which mainly include coordination, motivation, monitoring and measurement, and technical factors are the critical hardware enabler of KM which can directly determine the effectiveness of KM, just as managerial factors; while...
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