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connections, and market reform) influence CEO pay-dispersion incentives. Consistent with our expectation, we find that CEO pay …
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This paper investigates the impact of ownership and ownership concentration on the performance of China's listed firms. By recognizing the differences between ownership and ownership concentration and between total ownership concentration and tradable ownership concentration, we conduct simplex,...
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high cash holding and tunnelling in family controlled firms are reduced after the NTS reform. We further show that the … weak corporate governance make the situation worse and proper reform in the capital market that aims to align the interest …
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This paper investigates pay dispersion and its effects on firm performance in China's listed firms. Due to weak investor protection and an inefficient legal system, China is expected to have a lower level of corporate governance. In this weak institutional environment, we argue that awarding...
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