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

Bryson, Alex; Forth, John; Zhou, Minghai

Authors

Alex Bryson a.bryson@niesr.ac.uk

John Forth j.forth@niesr.ac.uk

Minghai Zhou Minghai.Zhou@nottingham.edu.cn

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.

Journal Article Type Article
Publication Date Feb 24, 2014
Journal Economic Journal
Print ISSN 0013-0133
Electronic ISSN 0013-0133
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 124
Issue 574
Article Number F90-F108
Institution Citation Bryson, A., Forth, J., & Zhou, M. (2014). Same or different? the CEO labour market in China's public listed companies. Economic Journal, 124(574), doi:10.1111/ecoj.12107
DOI https://doi.org/10.1111/ecoj.12107
Keywords China, public listed companies, CEOs, salaries
Publisher URL http://onlinelibrary.wiley.com/enhanced/doi/10.1111/ecoj.12107
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0




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