Zhuang, Juzhong; Xu, Chenggang - In: Economic Change and Restructuring 29 (1996) 3, pp. 205-22
This paper examines the effects of incentives in employee remuneration on financial performance in a sample of Chinese state-owned enterprises (SOEs) during the late 1980s and early 1990s. The estimates show that bonus payments as a form of pofit-sharing between employees and the state have...