Author(s)

Liu Zhiqiang, Zhou Tong

Corresponding Author

Liu Zhiqiang

Abstract

This article takes Shanghai-Shenzhen A-share listed company from 2010 to 2018 as a sample, with the help of empirical test, examining the influence of CEO power and religious tradition on the on-the-job consumption of executives. The study found that CEO power and executives have a significant positive correlation with on-the-job consumption, the greater the CEO power is, the higher the level of on-the-job consumption will be; with the strong religious tradition in the region where the company is located, the influence of company executive power on on-the-job consumption is effectively suppressed. The research conclusions of this paper have important theoretical and practical significance for the in-service consumption management of senior executives.

Keywords

Religious culture; Agent conflict; Corporate governance; on-the-job consumption