Performance contracts (PCs) - contracts signed between the government and state enterprise managers - have been used … widely in developing countries. China's experience with such contracts was one of the largest experiments with contracting in …. On average, PCs did not improve performance and may have made it worse. But China's PCs were not uniformly bad; in fact …

panel data set of CEO contracts from more than 300 state-owned enterprises in China, support most of the theoretical …

A popular explanation for China's rapid economic growth in recent years has been the dramatic increase in the number of … private domestic and foreign-owned firms and a decline in the state-owned sector. However, recent evidence suggest that China … export markets and firm-level productivity. Using a conditional stochastic dominance approach we reveal that although our …

ante, we compare two contracting regimes; one with commitment to an ex ante negotiated contract, and one with an ex interim … negotiated contract. The ex ante contract can not have too strong incentives, but attempts to negotiate a stronger ex interim … contract may result in bargaining failure. The relative efficiency of the two contracting regimes therefore depends on …