The Moderating Effect Of Governance Participation On Executive Private Benefits Of Listed Companies

This paper is based on the annual report of China's state owned Listed Companies in 2003-2015,Executives of private income is difficult to determine,in this article,the private income is divided into monetary income and non monetary income.More and more attention has been paid to the private benefits of managers of state owned listed companies,In this study,the listed companies in China,After the Commission for Discipline Inspection to participate in corporate governance,especially after the introduction of the eight provisions of the non monetary private income of executives play a significant governance effect.It is difficult to determine the governance function of monetary private benefits.In the course of the study,according to the findings: In China's special national conditions,the general manager of Listed Companies in the case of the Communist Party of China is more obvious than the governance role of the Commission for Discipline Inspection,In the case of listed companies as the central state-owned enterprises,the governance effect is more obvious than that of local state-owned enterprises.Although the introduction of the policy soon,there may be timeliness,In a short period of time,the inhibitory effect is significant or not,However,in the long run,the introduction of the eight provisions can significantly inhibit the private income of executives,shareholders have a positive role.