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We analyze the consequences of bonus taxes, limited deductibility of bonuses from company pro ts and a corporate income tax (CIT) in a principal-agent model and explore how these tax instruments affect managerial incentives and how they change the design of incentive contracts used in...
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List of tables -- List of figures -- Acknowledgements -- List of contributors -- The political economy of state-owned enterprises / Xu Yi-chong -- The Shenhua group : a giant made in a decade / Jianping Zhao and Xu Yi-chong -- Coal India Limited : the last one standing / Xu Yi-chong -- China's...
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pt. 1. Changing capitalism : shareholders versus managers -- pt. 2. Globalized technostructures : towards a theory of … between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes … of large corporations and represents an important step in the development of a theory of fraud and corruption within …
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