In this paper, we empirically analyze the effects that the geographical relationships between chairman and CEO have on the latter's compensation contracts,based on samples of listed A-share private firms from 2005...In this paper, we empirically analyze the effects that the geographical relationships between chairman and CEO have on the latter's compensation contracts,based on samples of listed A-share private firms from 2005 to 2014. We find that geographical relationships are related to lower pay–performance sensitivity, and that the correlation mainly exists in poor performance periods,suggesting that geographical relationships weaken the effectiveness of compensation contracts. We also find that geographical relationships can be substituted by external formal institutions.展开更多
Global warming has caused the Arctic Ocean ice cover to shrink.This endangers the environment but has made traversing the Arctic channel possible.Therefore,the strategic position of the Arctic has been significantly i...Global warming has caused the Arctic Ocean ice cover to shrink.This endangers the environment but has made traversing the Arctic channel possible.Therefore,the strategic position of the Arctic has been significantly improved.As a near-Arctic country,China has formulated relevant policies that will be directly impacted by changes in the international relations between the eight Arctic countries(regions).A comprehensive and real-time analysis of the various characteristics of the Arctic geographical relationship is required in China,which helps formulate political,economic,and diplomatic countermeasures.Massive global real-time open databases provide news data from major media in various countries.This makes it possible to monitor geographical relationships in real-time.This paper explores key elements of the social development of eight Arctic countries(regions)over 2013-2019 based on the GDELT database and the method of labeled latent Dirichlet allocation.This paper also constructs the national interaction network and identifies the evolution pattern for the relationships between Arctic countries(regions).The following conclusions are drawn.(1)Arctic news hotspot is now focusing on climate change/ice cap melting which is becoming the main driving factor for changes in geographical relationships in the Arctic.(2)There is a strong correlation between the number of news pieces about ice cap melting and the sea ice area.(3)With the melting of the ice caps,the social,economic,and military activities in the Arctic have been booming,and the competition for dominance is becoming increasingly fierce.In general,there is a pattern of domination by Russia and Canada.展开更多
基金financial support from China Postdoctoral Science Foundation (2016M601606)Humanity and Social Science Youth foundation of Ministry of Education of China (15YJC790137)
文摘In this paper, we empirically analyze the effects that the geographical relationships between chairman and CEO have on the latter's compensation contracts,based on samples of listed A-share private firms from 2005 to 2014. We find that geographical relationships are related to lower pay–performance sensitivity, and that the correlation mainly exists in poor performance periods,suggesting that geographical relationships weaken the effectiveness of compensation contracts. We also find that geographical relationships can be substituted by external formal institutions.
基金National Natural Science Foundation of China(42071153)The Strategic Priority Research Program of Chinese Academy of Sciences(XDA19040401)The Strategic Priority Research Program of Chinese Academy of Sciences(XDA20080100)。
文摘Global warming has caused the Arctic Ocean ice cover to shrink.This endangers the environment but has made traversing the Arctic channel possible.Therefore,the strategic position of the Arctic has been significantly improved.As a near-Arctic country,China has formulated relevant policies that will be directly impacted by changes in the international relations between the eight Arctic countries(regions).A comprehensive and real-time analysis of the various characteristics of the Arctic geographical relationship is required in China,which helps formulate political,economic,and diplomatic countermeasures.Massive global real-time open databases provide news data from major media in various countries.This makes it possible to monitor geographical relationships in real-time.This paper explores key elements of the social development of eight Arctic countries(regions)over 2013-2019 based on the GDELT database and the method of labeled latent Dirichlet allocation.This paper also constructs the national interaction network and identifies the evolution pattern for the relationships between Arctic countries(regions).The following conclusions are drawn.(1)Arctic news hotspot is now focusing on climate change/ice cap melting which is becoming the main driving factor for changes in geographical relationships in the Arctic.(2)There is a strong correlation between the number of news pieces about ice cap melting and the sea ice area.(3)With the melting of the ice caps,the social,economic,and military activities in the Arctic have been booming,and the competition for dominance is becoming increasingly fierce.In general,there is a pattern of domination by Russia and Canada.
