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support for this argument. -- asset stripping ; law enforcement ; corruption ; transition …
Persistent link: https://www.econbiz.de/10003299971
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...
Persistent link: https://www.econbiz.de/10014058137
Persistent link: https://www.econbiz.de/10011878111
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...
Persistent link: https://www.econbiz.de/10010267582
Using a large sample of Chinese firms, we examine performance differences between firms with female and male chairs and the channels through which such differences arise. After controlling for the presence of female CEOs and non-chair female directors, we find that chairwoman firms perform...
Persistent link: https://www.econbiz.de/10012897552
This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese public firms. Overall, we find no evidence of an RPE effect or any asymmetry in firms’ use of RPE. The results obtained using Albuquerque’s (2009) method are similar to those...
Persistent link: https://www.econbiz.de/10011825215
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 … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10003225948
contracts. Our findings about the determinants of incentive devices in China support predictions of the agency theory and the …
Persistent link: https://www.econbiz.de/10014066297
panel data set of CEO contracts from more than 300 state-owned enterprises in China, support most of the theoretical …
Persistent link: https://www.econbiz.de/10014084983
Using a sample of 916 Chinese listed state-owned enterprises (SOEs) from 2001 to 2005, we find the likelihood of top management turnover is negatively associated with firm performance, suggesting the existence of an effective market-based corporate governance mechanism in an emerging economy...
Persistent link: https://www.econbiz.de/10013149357