Cai, Guilong; Zheng, Guojian - In: China journal of accounting research : CJAR 9 (2016) 1, pp. 25-39
This paper examines executive compensation in the subsidiaries of business groups in China. Analyzing a sample of China business groups (the so-called “XiZu JiTuan” in Chinese) from 2003 to 2012, we find convincing evidence of the use of Relative Performance Evaluation (RPE) in the executive...
