The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized …

Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China’s securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China’s corporate governance will …

cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales … managers and thus possibly making China’s listed firms less effective in solving the agency problem. As such, ownership …This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using …

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …

between the past performance of firms measured by return on sales and return on assets, and the likelihood of managerial … ownership and supervisory board size, we do find significant entrenchments effects associated with ownership by managers …