caa a22 4500 605486441 CHVBK 20210128100445.0 cr unu---uuuuu 210128e20151201xx s 000 0 eng 10.1007/s10551-014-2320-7 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2320-7 What Drives Managerial Perks? An Empirical Test of Competing Theoretical Perspectives [Elektronische Daten] [Hua Zhang, Yuanyang Song, Yuan Ding] What drives managerial perks? The commonly accepted view of perks suggests that they are a misuse of firm resources for managers' private benefit (cost view), and thus perk consumption is unethical. However, an alternative view argues that perks can motivate managers to work hard and thus add to the value of the firm (incentive view): from this perspective, perk consumption is an ethical form of behavior. The fundamental difference between the two positions has critical implications for practice, and this article tests these competing views to determine the circumstances in which one view dominates the other. Using hand-collected data on perks in Chinese-listed companies, we find strong empirical support for the incentive view, which is more likely to be held in firms with moderate ownership concentration. This article not only contributes to the literature on business ethics, but also has critical implications for managerial incentive practices in emerging economies. Springer Science+Business Media Dordrecht, 2014 Perks nationallicence Ethics nationallicence Agency theory nationallicence Incentive nationallicence China nationallicence Zhang Hua China Europe International Business School (CEIBS), Shanghai, China aut Song Yuanyang School of Business, East China University of Science and Technology, Shanghai, China aut Ding Yuan China Europe International Business School (CEIBS), Shanghai, China aut Journal of Business Ethics Springer Netherlands 132/2(2015-12-01), 259-275 0167-4544 132:2<259 2015 132 10551 https://doi.org/10.1007/s10551-014-2320-7 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2320-7 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Zhang Hua China Europe International Business School (CEIBS), Shanghai, China aut NATIONALLICENCE 700 1- Song Yuanyang School of Business, East China University of Science and Technology, Shanghai, China aut NATIONALLICENCE 700 1- Ding Yuan China Europe International Business School (CEIBS), Shanghai, China aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 132/2(2015-12-01), 259-275 0167-4544 132:2<259 2015 132 10551