Variable | definition |
tbc | Tobin Q, Business Performance |
riskb | Risk taking |
SEA | Virtual variable, representing whether there are overseas background executives |
SEA_N | Number of overseas background executives |
SEA_P | Proportion of overseas background executives |
cor | Virtual variables, whether there are core positions overseas executives |
ecor | Virtual variables, executives of non-core positions |
mix | Virtual variables, executives with both overseas study and work background |
educetio | Virtual variables, executives only with overseas study background |
wor | Virtual variables, executives only with overseas work backgrounds |
lnsize | Asset size |
grouth | Operating income growth rate |
roundb | Total asset turnover |
Mpeople | Number of board members |
DDZB | Proportion of independent directors |
lnast1 | Total number of shares held by management |
persentage_ | Shareholding ratio of major shareholders |
ONE | As the chairman and CEO |
lninc | Compensation of top three executives’ |