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CEO Turnover, Firm Performance and Enterprise Reform in China: Evidence from New Micro Data
Kato, Takao; Long, Cheryl - Institute for the Study of Labor (IZA) - 2006
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 …
Persistent link: https://www.econbiz.de/10005566546
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Executive Compensation, Firm Performance, and Corporate Governance in China: Evidence from Firms Listed in the Shanghai and Shenzhen Stock Exchanges
Kato, Takao; Long, Cheryl - Institute for the Study of Labor (IZA) - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10005566733
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Does Manager Turnover Improve Firm Performance? New Evidence Using Information from Dutch Soccer, 1986-2004
Weel, Bas ter - Institute for the Study of Labor (IZA) - 2006
This research examines the impact of manager turnover on firm performance using information from the Dutch soccer league in the period 1986-2004. The advantage of using sports data is that both manager characteristics and decisions and firm outcomes are directly observable. Both...
Persistent link: https://www.econbiz.de/10005822276
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Worker Directors: A German Product that Didn't Export?
Addison, John T.; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2009
Despite its lack of attractiveness to other countries, the German system of quasi-parity codetermination at company level has held up remarkably well. We recount the theoretical arguments for and against codetermination and survey the empirical evidence on the effects of the institution, tracing...
Persistent link: https://www.econbiz.de/10005822465
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Dismissals for Cause: The Difference That Just Eight Paragraphs Can Make
Martins, Pedro Silva - Institute for the Study of Labor (IZA) - 2007
This paper provides evidence about the effects of dismissals-for-cause requirements, a specific component of employment protection legislation that has received little attention despite its potential relevance. We study a quasi-natural experiment generated by a law introduced in Portugal in...
Persistent link: https://www.econbiz.de/10005822593
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Do Institutions, Ownership, Exporting and Competition Explain Firm Performance? Evidence from 26 Transition Countries
Commander, Simon; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2007
We analyze a large stratified random sample of firms that provide us with measures of performance and each firm’s top manager’s perception of the severity of business environment constraints faced by his/her firm. Unlike most existing studies that rely on external and aggregated proxy...
Persistent link: https://www.econbiz.de/10005822639
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Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data
Kato, Takao; Kim, Woochan; Lee, Ju Ho - Institute for the Study of Labor (IZA) - 2005
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...
Persistent link: https://www.econbiz.de/10005822774
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The Dispersion of Employees’ Wage Increases and Firm Performance
Grund, Christian; Westergaard-Nielsen, Niels - Institute for the Study of Labor (IZA) - 2004
In this contribution we examine the interrelation between intra-firm wage increases and firm performance. Previous studies have focused on the dispersion of wages in order to examine for the empirical dominance of positive monetary incentives effects compared to adverse effects due to fairness...
Persistent link: https://www.econbiz.de/10005822800
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The Heterogeneous Economic Consequences of Works Council Relations
Pfeifer, Christian - Institute for the Study of Labor (IZA) - 2011
I use a question about works council relations from the 2006 wave of the IAB Establishment panel to analyze the heterogeneous effects of works councils on productivity, wages, and profits. The results indicate that the effects differ significantly between works council relationship types in a...
Persistent link: https://www.econbiz.de/10009003941
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Corruption as a Barrier to Entry: Theory and Evidence
Campos, Nauro F.; Estrin, Saul; Proto, Eugenio - Institute for the Study of Labor (IZA) - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...
Persistent link: https://www.econbiz.de/10008682953