{"id":"https://openalex.org/W4289948527","doi":"https://doi.org/10.1108/k-04-2022-0626","title":"Benefit synergy or \u201cfishing in troubled waters\u201d? Economic policy uncertainty and executive perquisite consumption","display_name":"Benefit synergy or \u201cfishing in troubled waters\u201d? Economic policy uncertainty and executive perquisite consumption","publication_year":2022,"publication_date":"2022-08-05","ids":{"openalex":"https://openalex.org/W4289948527","doi":"https://doi.org/10.1108/k-04-2022-0626"},"language":"en","primary_location":{"id":"doi:10.1108/k-04-2022-0626","is_oa":false,"landing_page_url":"https://doi.org/10.1108/k-04-2022-0626","pdf_url":null,"source":{"id":"https://openalex.org/S168682784","display_name":"Kybernetes","issn_l":"0368-492X","issn":["0368-492X","1758-7883"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kybernetes","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074311190","display_name":"Hongji Xie","orcid":"https://orcid.org/0000-0003-2023-0279"},"institutions":[{"id":"https://openalex.org/I159948400","display_name":"Jinan University","ror":"https://ror.org/02xe5ns62","country_code":"CN","type":"education","lineage":["https://openalex.org/I159948400"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Hongji Xie","raw_affiliation_strings":["School of Economics, Jinan University, Guangzhou, China"],"raw_orcid":"https://orcid.org/0000-0003-2023-0279","affiliations":[{"raw_affiliation_string":"School of Economics, Jinan University, Guangzhou, China","institution_ids":["https://openalex.org/I159948400"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5089757570","display_name":"Zhen Yang","orcid":"https://orcid.org/0000-0002-1223-0415"},"institutions":[{"id":"https://openalex.org/I130480701","display_name":"Dongbei University of Finance and Economics","ror":"https://ror.org/05db1pj03","country_code":"CN","type":"education","lineage":["https://openalex.org/I130480701"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zhen Yang","raw_affiliation_strings":["School of Business Administration, Dongbei University of Finance and Economics, Dalian, China"],"raw_orcid":"https://orcid.org/0000-0002-1223-0415","affiliations":[{"raw_affiliation_string":"School of Business Administration, Dongbei University of Finance and Economics, Dalian, China","institution_ids":["https://openalex.org/I130480701"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5035851558","display_name":"Shulin Xu","orcid":"https://orcid.org/0000-0003-1827-0060"},"institutions":[{"id":"https://openalex.org/I159948400","display_name":"Jinan University","ror":"https://ror.org/02xe5ns62","country_code":"CN","type":"education","lineage":["https://openalex.org/I159948400"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Shulin Xu","raw_affiliation_strings":["School of Economics, Jinan University, Guangzhou, China"],"raw_orcid":"https://orcid.org/0000-0002-1018-3213","affiliations":[{"raw_affiliation_string":"School of Economics, Jinan University, Guangzhou, China","institution_ids":["https://openalex.org/I159948400"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5074311190"],"corresponding_institution_ids":["https://openalex.org/I159948400"],"apc_list":null,"apc_paid":null,"fwci":1.9196,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":{"value":0.89921254,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":94,"max":97},"biblio":{"volume":"52","issue":"11","first_page":"5640","last_page":"5668"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9988999962806702,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9988999962806702,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9972000122070312,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9549999833106995,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.6213732957839966},{"id":"https://openalex.org/keywords/consumption","display_name":"Consumption (sociology)","score":0.49639469385147095},{"id":"https://openalex.org/keywords/executive-compensation","display_name":"Executive compensation","score":0.43576154112815857},{"id":"https://openalex.org/keywords/accounting","display_name":"Accounting","score":0.36710190773010254},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.3621090054512024},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.34643226861953735},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.29182782769203186}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6213732957839966},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.49639469385147095},{"id":"https://openalex.org/C151392489","wikidata":"https://www.wikidata.org/wiki/Q5419946","display_name":"Executive compensation","level":3,"score":0.43576154112815857},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.36710190773010254},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.3621090054512024},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.34643226861953735},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.29182782769203186},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/k-04-2022-0626","is_oa":false,"landing_page_url":"https://doi.org/10.1108/k-04-2022-0626","pdf_url":null,"source":{"id":"https://openalex.org/S168682784","display_name":"Kybernetes","issn_l":"0368-492X","issn":["0368-492X","1758-7883"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kybernetes","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Life below water","id":"https://metadata.un.org/sdg/14","score":0.4000000059604645}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":70,"referenced_works":["https://openalex.org/W1488201813","https://openalex.org/W1511166035","https://openalex.org/W1547944138","https://openalex.org/W2003397202","https://openalex.org/W2010842384","https://openalex.org/W2011410809","https://openalex.org/W2020228097","https://openalex.org/W2030576955","https://openalex.org/W2064204457","https://openalex.org/W2113942631","https://openalex.org/W2124190239","https://openalex.org/W2144464267","https://openalex.org/W2193326633","https://openalex.org/W2328319044","https://openalex.org/W2498079548","https://openalex.org/W2512088436","https://openalex.org/W2586581208","https://openalex.org/W2727572017","https://openalex.org/W2753726906","https://openalex.org/W2763499762","https://openalex.org/W2785659874","https://openalex.org/W2793438287","https://openalex.org/W2810988092","https://openalex.org/W2896020960","https://openalex.org/W2924671319","https://openalex.org/W2937892208","https://openalex.org/W2984164706","https://openalex.org/W2985021036","https://openalex.org/W2987811658","https://openalex.org/W2991471228","https://openalex.org/W3000862236","https://openalex.org/W3014550360","https://openalex.org/W3018401043","https://openalex.org/W3033718337","https://openalex.org/W3042966553","https://openalex.org/W3046538958","https://openalex.org/W3118941181","https://openalex.org/W3121205317","https://openalex.org/W3121252168","https://openalex.org/W3121504769","https://openalex.org/W3121806304","https://openalex.org/W3122846673","https://openalex.org/W3123055067","https://openalex.org/W3123475946","https://openalex.org/W3123616312","https://openalex.org/W3123817661","https://openalex.org/W3124585058","https://openalex.org/W3124620510","https://openalex.org/W3124688932","https://openalex.org/W3125217951","https://openalex.org/W3125547889","https://openalex.org/W3125558218","https://openalex.org/W3125822881","https://openalex.org/W3126081245","https://openalex.org/W3129331795","https://openalex.org/W3135609012","https://openalex.org/W3145958059","https://openalex.org/W3162811446","https://openalex.org/W3197397020","https://openalex.org/W3199344599","https://openalex.org/W3200244118","https://openalex.org/W3200617634","https://openalex.org/W3201730250","https://openalex.org/W3209634087","https://openalex.org/W4220701690","https://openalex.org/W4220930723","https://openalex.org/W4224287314","https://openalex.org/W4224951283","https://openalex.org/W4232286240","https://openalex.org/W4280553763"],"related_works":["https://openalex.org/W2158308952","https://openalex.org/W2029247574","https://openalex.org/W4212854699","https://openalex.org/W1557824005","https://openalex.org/W2009717247","https://openalex.org/W2309814745","https://openalex.org/W3123337483","https://openalex.org/W3011836527","https://openalex.org/W2965420389","https://openalex.org/W2383143535"],"abstract_inverted_index":{"Purpose":[0],"Economic":[1,31],"policy":[2,280,315],"uncertainty":[3,343,394],"(EPU)":[4],"has":[5],"huge":[6],"impact":[7],"and":[8,17,50,68,89,115,162,169,180,189,206,222,256,258,273,285,295,364],"harm":[9,293],"on":[10,73,324,361,395],"real":[11],"economy,":[12],"so":[13],"the":[14,29,37,45,54,64,85,104,117,124,127,185,232,244,271,278,322,359,391],"economic":[15,19,279,294],"logic":[16],"other":[18],"effects":[20,130],"behind":[21],"this":[22,342,375],"must":[23],"be":[24],"further":[25],"studied.":[26],"By":[27],"constructing":[28],"\u201cChina":[30],"Policy":[32],"Uncertainty":[33],"Index\u201d":[34],"to":[35,242,261,269,306,321,358],"capture":[36],"degree":[38],"of":[39,56,76,106,119,165,167,215,234,275,282,313,377,393],"EPU":[40,52,67,88,141,188,197,211,330],"faced":[41],"by":[42,202,217,248,327,339,379],"Chinese":[43],"companies,":[44],"authors":[46,335],"empirically":[47],"test":[48],"whether":[49],"how":[51,329,362],"affects":[53],"level":[55],"executives'":[57,90,332],"perquisite":[58,70,91,147,191,200,220,352],"consumption.":[59,148,192,353],"Design/methodology/approach":[60],"This":[61,149,318,354],"study":[62,138,319,355],"investigates":[63],"relationship":[65,86,186],"between":[66,87,187],"executive":[69,146,190,199,219,351],"consumption":[71,201,221],"based":[72],"a":[74,93,346],"sample":[75],"3,185":[77],"publicly":[78],"listed":[79,304],"firms":[80,155,216],"in":[81,289,345],"China.":[82],"To":[83,102],"examine":[84],"consumption,":[92],"mixed":[94],"least":[95],"squares":[96],"method":[97],"was":[98],"used":[99,133],"for":[100,134,154],"regression.":[101,135],"alleviate":[103,390],"problem":[105],"missing":[107],"variables":[108],"that":[109,140,196,291,341,381,388],"do":[110],"not":[111],"change":[112],"over":[113],"time":[114],"control":[116],"influence":[118,367],"unobservable":[120],"individual":[121],"heterogeneity":[122],"at":[123],"firm":[125,128,208,296],"level,":[126],"fixed":[129],"model":[131],"is":[132,142,152,385],"Findings":[136],"The":[137,298,334],"finds":[139],"positively":[143],"associated":[144],"with":[145,156,229],"positive":[150],"association":[151],"stronger":[153],"smaller":[157],"size,":[158],"lower":[159],"management":[160],"shareholding":[161],"higher":[163],"levels":[164],"separation":[166],"ownership":[168],"control.":[170],"Effective":[171],"external":[172,348,365,383],"governance":[173,254,326,384],"(i.e.,":[174],"analyst":[175],"coverage,":[176,178],"media":[177],"auditor":[179],"market":[181,213,283],"competition)":[182],"can":[183,292,389],"mitigate":[184],"Further":[193],"analysis":[194],"reveals":[195],"increases":[198],"holding":[203],"more":[204],"cash":[205],"decreasing":[207],"risk":[209],"taking.":[210],"hurts":[212],"value":[214],"boosting":[218],"tunneling.":[223],"Practical":[224],"implications":[225],"In":[226],"an":[227,386],"environment":[228],"high":[230,314],"EPU,":[231],"board":[233],"directors":[235],"should":[236,251,266,301],"reduce":[237],"managers'":[238,396],"compensation":[239],"performance":[240],"sensitivity":[241],"ease":[243],"agency":[245],"conflict":[246],"caused":[247],"uncertainty.":[249,316,371],"Firms":[250],"improve":[252],"their":[253,262],"mechanisms":[255],"standard":[257],"pay":[259,267],"attention":[260,268],"environmental":[263],"changes.":[264],"Policymakers":[265],"maintaining":[270],"continuity":[272],"predictability":[274],"policies,":[276],"stabilizing":[277],"expectations":[281],"entities":[284],"avoiding":[286],"frequent":[287],"changes":[288],"policies":[290],"value.":[297],"regulatory":[299],"authorities":[300],"actively":[302],"guide":[303],"companies":[305],"increase":[307],"active":[308],"information":[309],"disclosure":[310],"during":[311,370],"periods":[312],"Originality/value":[317],"contributes":[320,357],"research":[323,378],"corporate":[325,368],"showing":[328,340],"influences":[331,350],"behaviors.":[333,398],"advance":[336],"relative":[337],"studies":[338],"embedded":[344],"firm's":[347],"environments":[349],"also":[356],"literature":[360],"internal":[363],"governances":[366],"behavior":[369],"These":[372],"findings":[373],"extend":[374],"line":[376],"suggesting":[380],"effective":[382],"attribute":[387],"effect":[392],"opportunistic":[397]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}