Same or Different? The CEO Labour Market in China's Public Listed Companies
Same or Different? The CEO Labour Market in China's Public Listed Companies
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DOI：
10.1111/ecoj.12107
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发表时间：
2014-02
期刊：
影响因子：
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通讯作者：
A. Bryson;J. Forth;Minghai Zhou
中科院分区：
文献类型：
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作者：
A. Bryson;J. Forth;Minghai Zhou
利用2001年至2010年期间所有中国上市公司的关联雇主-雇员数据，我们发现高管薪酬表现出西方文献中熟悉的许多特征，尽管有时以更低调的方式，但也有一些明显的例外。我们还发现管理权力在高管薪酬设定中的作用，这可能反映了股票市场和支持公司治理的法规的近代性。然而，行政人员的薪酬似乎有一些因素是超越国家经济、政治和文化差异的。言下之意是，西方模式并不像批评者所说的那样特立独行。
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.