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Same or different? the CEO labour market in China's public listed companies

Bryson, Alex, Forth, John and Zhou, Minghai (2014) Same or different? the CEO labour market in China's public listed companies. Economic Journal, 124 (574). F90-F108. ISSN 0013-0133

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Abstract

Using linked employer-employee data for all China's public listed firms over the period 2001-10, we find top executive compensation exhibits many of the traits familiar in the Western literature, although sometimes in a more muted way, and with some clear exceptions. We also find a role for managerial power in executive pay setting which may reflect the recency of the stock market and regulations underpinning corporate governance. Nevertheless, there appear to be some elements of executive compensation which transcend national economic, political and cultural differences. The implication is that the Western model is not as idiosyncratic as critics suggest.

Item Type: Article
Official URL: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-...
Additional Information: © 2013 Royal Economic Society
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Journal of Economic Literature Classification System: O - Economic Development, Technological Change, and Growth > O1 - Economic Development
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Funders: Economic and Social Research Council, Natural Science Foundation of China
Projects: RES-538-25-0029, 71161130175
Date Deposited: 12 Mar 2014 08:34
URL: http://eprints.lse.ac.uk/56054/

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