Showing 1 - 10 of 176
All that we know about the CEO labour market in China comes from studies of public listed companies and state … China that exhibits many of the traits common to CEO labour markets in the West. …
Persistent link: https://www.econbiz.de/10010745536
important feature in today's CEO labour market in China: around one-tenth of corporations deploy performance bonds and they are … is consistent with optimal reward structures for multi-tasking agents. Those CEOs posting bonds are higher in the … Communist Party ranks, were promoted via tournaments, and run larger firms, findings consistent with using bonds as an incentive …
Persistent link: https://www.econbiz.de/10011126044
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We …
Persistent link: https://www.econbiz.de/10010884490
Using nationally representative survey data for Finnish employees linked to register data on their wages and work histories we find wage effects of high involvement management (HIM) practices are generally positive and significant. However, employees with better wage and work histories are more...
Persistent link: https://www.econbiz.de/10011071162
The aim of this paper is to study the effects of product market competition on the explicit compensation packages that firms offer to their executives. In order to measure the net effect of competition we use two different identification strategies. The first exploits cross sectoral variation in...
Persistent link: https://www.econbiz.de/10011071396
This paper studies the effect of deregulation and increased product market competition on the compensation packages that firms offer to their executives. We use a panel of US executives in the nineties and exploit the deregulation episodes in the banking and financial sectors as quasi-natural...
Persistent link: https://www.econbiz.de/10011071470
This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...
Persistent link: https://www.econbiz.de/10011071266
CEOs. The model explains the association between limited monitoring and CEO pay practices such as pay-for-luck, high … matching equilibrium: firms with different capacities for monitoring hire different types of CEOs and offer different …
Persistent link: https://www.econbiz.de/10010746551
Tournaments are designed to enhance participants’ effort and productivity. However, ranking near the top may increase … international diving tournaments. We find that competitors systematically underperform when ranked closer to the top, despite higher …
Persistent link: https://www.econbiz.de/10011266093
participating in international weightlifting competitions. Weightlifting competitions are multistage tournaments with the unique …
Persistent link: https://www.econbiz.de/10011071349