Abstract

Research of the impact of top management's compensation structure on hazard analysis and critical control points implementation

Author(s): Song Tao

In this paper, we study the effect of top management’s compensation structure on Hazard Analysis and Critical Control Points implementation of food listed enterprises in 2005- 2013. The results show that some compensation structure variables can not affect firm’s Hazard Analysis and Critical Control Points implementation. However, percentage of the total top management in the persons that receive salary only can negatively affect firm Hazard Analysis and Critical Control Points implementation significantly. Thus listed food companies should focus on those problems and enhance the proportion of equitybased compensation and stock dividends payout level in the corporate executives.


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