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The impact of H-share derivatives on the underlying equity market

✍ Scribed by Steven Shuye Wang; Wei Li; Louis T. W. Cheng

Publisher
Springer US
Year
2008
Tongue
English
Weight
329 KB
Volume
32
Category
Article
ISSN
0924-865X

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## Abstract By designing remuneration schemes based on a bonus rewarding specific firm‐level outcomes, the owners/shareholders of a firm can manipulate the behavior of their managers. In practice, different bonus anchors take center stage: some are profit‐based, others use sales as the key yardstic