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This paper examines the magnitude, patterns, and determinants of the labor restructuring process in China's industrial sector using a firm-level dataset for the period between 1998 and 2002. The results show that the SOE sector has undergone substantial labor retrenchment. The removal of...
Persistent link: https://www.econbiz.de/10012709911
This paper examines the extent to which agency theory may explain CEO compensation in state-owned enterprises (SOEs) in China during the 1980s. We find that the sensitivity of CEO pay to firm performance decreases with the variance of performance. This is consistent with the prediction of a...
Persistent link: https://www.econbiz.de/10012740188
Around the turn of the century, China experienced perhaps the largest labor restructuring program in the world. This paper uses a new data set of Chinese industrial enterprises to examine what leads to downsizing, and tries to understand the effects of labor downsizing on firms' technical...
Persistent link: https://www.econbiz.de/10012721131
The multitask principal-agent theory argues that incentive devices for the agent tend to be complementary due to the need for balanced allocation of effort among the tasks. A growing body of empirical literature appears to support this notion. However, when there can be several signals for each...
Persistent link: https://www.econbiz.de/10014124916
This paper uses a new data set of Chinese state-owned enterprises (SOEs) and private firms to evaluate the effects of labor downsizing on firms' technical efficiency, financial performance, and employee wages. Since downsizers and non-downsizers differ greatly in firm characteristics, we use...
Persistent link: https://www.econbiz.de/10014063362
The multitask agency theory argues that incentive devices for the agent need to be viewed as a system to induce balanced allocation of effort among the tasks. This important insight has not been incorporated into the empirical study of CEO compensation. Since there can be several measures for...
Persistent link: https://www.econbiz.de/10014084983
The diversified business group (DBG) is a ubiquitous institution in developing economies. It is a formal inter-firm network that typically involves financial institutions, distributors and manufacturers. Groupwise diversification is viewed by some as a novel form of organizational innovation by...
Persistent link: https://www.econbiz.de/10005168565
Eric Bidet and Jacques Defourny’s edited book Social Enterprise in Asia: Theory, Models, and Practice is by far the most comprehensive and extensive scholarly collaboration on social enterprises and social economy in Asia. This book covers multiple sub-Asian regions (East, South, and Southeast...
Persistent link: https://www.econbiz.de/10013231912
This paper studies an unusually comprehensive data-set of the universe of research groups that applied to an Italian 1989 93 research programme in biotechnology and bio-instrumentation. We develop a model to test whether past publications influence the expected grants obtained by the units in...
Persistent link: https://www.econbiz.de/10005076859
Using comparable cross-section data on expenditures and labor force in the nonprofit sector for a sample of 25 nations, I test a series of hypotheses about their determinants. A small number of variables, of which the level of economic development and the role of government, are the most...
Persistent link: https://www.econbiz.de/10010643615