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 …

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General …

between the past performance of firms measured by return on sales and return on assets, and the likelihood of managerial … ownership and supervisory board size, we do find significant entrenchments effects associated with ownership by managers …

which managers could become entrenched, they already bear a large proportion of the costs and have therefore an incentive to …