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particularly strong negative impact on R&D. This confirms the hypothesis that incentive mechanisms lead managers to focus on more …
Persistent link: https://www.econbiz.de/10008907733
In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Notable facts are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief...
Persistent link: https://www.econbiz.de/10008732068
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We test under what circumstances boards discipline managers and whether such interventions improve performance. We …
Persistent link: https://www.econbiz.de/10008702077
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We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock exchange. We assume that a professional is a better...
Persistent link: https://www.econbiz.de/10011597776
This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a … complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based …
Persistent link: https://www.econbiz.de/10013184745
the short term, however, it can sow the seeds of social instability in the long term. Local governments in China are …
Persistent link: https://www.econbiz.de/10012020168
We analyze a new management survey for around 1,000 firms and 10,000 employees across two large provinces in China. The … unique aspect of this survey is it collected management data from the CEO, a random sample of senior managers and workers. We … poorly managed firms. This distribution of management scores is similar for CEOs, senior managers and workers management, and …
Persistent link: https://www.econbiz.de/10011895781