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This article tests several predictions of tournament theory on executive compensation in the context of a transition economy. Using an unbalanced panel which consists of a total of 34701 executives in 450 publicly listed firms in China during 1999 and 2006, we find that (1) pay increases as...
Persistent link: https://www.econbiz.de/10013160424
Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when … managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge …-invariant ability of the manager as well as overall firm performance. We find that the export experience gained by managers in previous …
Persistent link: https://www.econbiz.de/10011580556
This paper discusses the adoption of share-based compensation plans among Central and Eastern European (CEE) public companies composing major national stock exchange indices in Poland (WIG 20), the Czech Republic (PX) and Hungary (BUX). The analysis shows that the spread of such pay practices...
Persistent link: https://www.econbiz.de/10009785059
competitiveness of the offshoring firms. We show further that the offshoring of managerial tasks relaxes the constraint on managers … are 33.4% more decentralized than non-offshoring firms. We find further that the average fraction of managers offshored …
Persistent link: https://www.econbiz.de/10010417179
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competitiveness of the offshoring firms. We show further that the offshoring of managerial tasks relaxes the constraint on managers … are 33.4% more decentralized than non-offshoring firms. We find further that the average fraction of managers offshored …
Persistent link: https://www.econbiz.de/10010438301
skilled managers relaxes the 'war for talent' constraint but toughens competition and thus has an ambiguous impact on the …
Persistent link: https://www.econbiz.de/10010491080
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