evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …-specific costs of capital. We show that SOEs did respond to the performance evaluation reform by altering their investment decisions …

CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We …: the use of Special Economic Zones (SEZs) to attract foreign direct investment (FDI), and the rate at which state owned …

All that we know about the CEO labour market in China comes from studies of public listed companies and state … China that exhibits many of the traits common to CEO labour markets in the West. …

All that we know about the CEO labour market in China comes from studies of public listed companies and state … China that exhibits many of the traits common to CEO labour markets in the West. …

literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine …

Using panel data for all of China's public listed firms over the period 2001-2010 we examine how firms have recruited …

CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We …: the use of Special Economic Zones (SEZs) to attract foreign direct investment (FDI), and the rate at which state owned …

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 …

This paper links the CEO's concerns for the current stock price to reductions in real investment. We identify short … assets), 11% of the average investment-to-assets ratio. Vesting equity is also associated with positive analyst forecast … determined by equity grants made several years prior, and thus unlikely to be driven by current investment opportunities, our …

CEOs' pay-for-performance sensitivity (i.e., delta) and risk-taking incentives (i.e., vega) as well as firms' investment … growth and investment-Q sensitivity decrease after the adoption of an anti-pledging policy. Meanwhile, adoption mitigates …