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Same or Different? The CEO Labour Market in China's Public Listed Companies

Bibliographic Data

ID9706694
AuthorsAlex Bryson (0000-0003-1529-2010, London School of Economics and Political Science), John Forth (0000-0001-7963-2817, National Institute of Economic and Social Research), Minghai Zhou (0000-0002-5130-9353, University of Nottingham Ningbo China)
Year2014
Volume124
Issue574
PagesF90-F108
Publication date2014-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/ecoj.12107
OpenAlexW2000505485
LanguageEN
References cited21

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

Business · China · Compensation (psychology · Corporate governance · Economics · Executive compensation · Market economy · Political science · Politics · Stock (firearms · Stock market · Stock options · Underpinning · Accounting · Corporate Finance and Governance · Culture, Economy, and Development Studies · Finance · Law

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