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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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.
|Additional Information:||© 2013 The Authors © CC BY 3.0|
|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)|
|Funders:||Economic and Social Research Council, Natural Science Foundation of China|
|Date Deposited:||12 Mar 2014 08:34|
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