This paper investigates and compares the characteristics of independent directors and supervisory board members in Chinese listed firms. The occupational backgrounds of independent directors and supervisory board members in listed firms are very different. Besides, different firms have different...

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...

We study if CEOs and their backgrounds matter for the performance of state-owned enterprises (SOEs) exploiting the fact that these companies had different CEOs (with different backgrounds) in different moments in time. We construct a database of Brazilian SOEs between 1973 and 1993 and make...

Rapid economic development in China in the post-1978 era has been considered 'intriguing' and 'puzzling' since it occurred under the dominance of the Chinese Communist Party - the fusion of politics and economics is supposed to be a powerful impediment to market growth. Scholars have proposed...

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...

The Productivity Commission's final report on executive remuneration was released in January 2010.Commenting on the report's release, Commission Chairman Gary Banks said: 'Substantial feedback was received in response to the Commission's preliminary proposals. Our final recommendations are...

We take a state-stewardship view on the corporate governance model and executive compensation policies in economies with strong political involvement. In such a highly politically-oriented institutional environment, the business elites are not just professional managers but are also de facto...

This study investigates the effect of female chief executive officers (FCEOs) on investment efficiency. Our study suggests that CEO gender plays a significant role in efficient investment decisions by improving governance and disciplining the management. We document that FCEOs are associated...

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...