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time that immigrants spend in the US and over generations. Information friction may be an explanation. …
Persistent link: https://www.econbiz.de/10012299919
dissemination of information to appropriate recipients, appropriate volume of disseminated information, when to disseminate such … information, but also on other factors such as ownership structures and effective corporate governance measures aimed fostering …
Persistent link: https://www.econbiz.de/10009203633
dissemination of information to appropriate recipients, appropriate volume of disseminated information, when to disseminate such … information, but also on other factors such as ownership structures and effective corporate governance measures aimed fostering …
Persistent link: https://www.econbiz.de/10008776860
dissemination of information to appropriate recipients, appropriate volume of disseminated information, when to disseminate such … information, but also on other factors such as ownership structures and effective corporate governance measures aimed fostering …
Persistent link: https://www.econbiz.de/10009147613
Despite their theoretical value in tackling principal-agent problems at low cost to firms there is almost no empirical literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine their incidence and test propositions from...
Persistent link: https://www.econbiz.de/10010535360
All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...
Persistent link: https://www.econbiz.de/10010745536
Using panel data for all of China's public listed firms over the period 2001-2010 we examine how firms have recruited and rewarded their executives over a decade of huge growth and turbulence. CEO pay is sensitive to firm performance, although the elasticities are lower than for the United...
Persistent link: https://www.econbiz.de/10010551657
All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...
Persistent link: https://www.econbiz.de/10010700445
We study optimal employment contracts for present-biased employees if firms cannot commit to long-term contracts. Assuming that an employee's effort increases his chances to obtain a future benefit, we show that individuals who are naive about their present bias will actually be better off than...
Persistent link: https://www.econbiz.de/10013194401
We investigate the relationship between life-cycle wages and flexicurity in Denmark. We separate permanent from transitory wages and characterise flexicurity using membership of unemployment insurance funds. We find that flexicurity is associated with lower wage growth heterogeneity over the...
Persistent link: https://www.econbiz.de/10013108325