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. The 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 The Authors © CC BY 3.0
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HC Economic History and Conditions
JEL classification:	O - Economic Development, Technological Change, and Growth > O1 - Economic Development
Date Deposited:	12 Mar 2014 08:34
Last Modified:	12 Dec 2024 00:36
Projects:	RES-538-25-0029, 71161130175
Funders:	Economic and Social Research Council, Natural Science Foundation of China
URI:	http://eprints.lse.ac.uk/id/eprint/56054

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