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Bennedsen, M., & Wolfenzon, D. (2000). The Balance of Power in Closely Held Corporations. Journal of Financial Economics, 58, 113-139.
https://doi.org/10.1016/S0304-405X(00)00068-4

has been cited by the following article:

• TITLE: The Impact of Equity Mix and Executive Incentives on Corporate Performance

  AUTHORS: Jing Li

  KEYWORDS: Equity Mix, Executive Incentives, Corporate Performance

  JOURNAL NAME: Open Journal of Business and Management, Vol.9 No.3, May 31, 2021

  ABSTRACT: On the background of mixed ownership reform, the equity mix has an increasing impact on corporate performance. Our research selects the panel data of 620 Shanghai and Shenzhen A-share manufacturing listed companies from 2015 to 2019, and constructs a model of the mediating effect of “equity mix-executive incentives-corporate performance” to test the impact of equity mix on firm performance, and further explore the mediating effect of executive incentives between the equity mix and firm performance. Research shows that: the “U”-shaped relationship between equity mix and company performance is confirmed, executive compensation incentives have a partial mediating effect between equity mix and firm performance, and executive equity incentives have a complete mediating effect between equity mix and company performance.