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

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 man...

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Main Authors: Bryson, Alex, Forth, John, Zhou, Minghai
Format: Article
Published: Wiley 2014
Subjects:
Online Access:https://eprints.nottingham.ac.uk/29845/
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author Bryson, Alex
Forth, John
Zhou, Minghai
author_facet Bryson, Alex
Forth, John
Zhou, Minghai
author_sort Bryson, Alex
building Nottingham Research Data Repository
collection Online Access
description 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.
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spelling nottingham-298452020-05-04T16:42:52Z https://eprints.nottingham.ac.uk/29845/ Same or different? the CEO labour market in China's public listed companies Bryson, Alex Forth, John Zhou, Minghai 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. Wiley 2014-02-24 Article PeerReviewed 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 China public listed companies CEOs salaries http://onlinelibrary.wiley.com/enhanced/doi/10.1111/ecoj.12107 doi:10.1111/ecoj.12107 doi:10.1111/ecoj.12107
spellingShingle China
public listed companies
CEOs
salaries
Bryson, Alex
Forth, John
Zhou, Minghai
Same or different? the CEO labour market in China's public listed companies
title Same or different? the CEO labour market in China's public listed companies
title_full Same or different? the CEO labour market in China's public listed companies
title_fullStr Same or different? the CEO labour market in China's public listed companies
title_full_unstemmed Same or different? the CEO labour market in China's public listed companies
title_short Same or different? the CEO labour market in China's public listed companies
title_sort same or different? the ceo labour market in china's public listed companies
topic China
public listed companies
CEOs
salaries
url https://eprints.nottingham.ac.uk/29845/
https://eprints.nottingham.ac.uk/29845/
https://eprints.nottingham.ac.uk/29845/