Similar Search Results

Retained State Shareholding in Chinese PLCs : Does Government Ownership Reduce Corporate Value?

Tian, Lihui; Estrin, Saul - 2005

The role of government shareholding in corporate performance is central to an understanding of China?s newly privatized …

Persistent link: https://www.econbiz.de/10010262209

Tournaments and managerial incentives in China's listed firms: new evidence

Kato, Takao; Long, Cheryl - 2008

an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …

Persistent link: https://www.econbiz.de/10010268884

Executive compensation, firm performance, and corporate governance in China: evidence from firms listed in the Shanghai and Shenzhen stock exchanges

Kato, Takao; Long, Cheryl - 2005

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …

Persistent link: https://www.econbiz.de/10010267302

CEO turnover, firm performance and enterprise reform in China: evidence from new micro data

Kato, Takao; Long, Cheryl - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …

Persistent link: https://www.econbiz.de/10010274393

CEO Turnover, Firm Performance and Enterprise Reform in China: Evidence from New Micro Data

Kato, Takao; Long, Cheryl - Institute for the Study of Labor (IZA) - 2006

Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China’s securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China’s corporate governance will …

Persistent link: https://www.econbiz.de/10005566546

Executive Compensation, Firm Performance, and Corporate Governance in China: Evidence from Firms Listed in the Shanghai and Shenzhen Stock Exchanges

Kato, Takao; Long, Cheryl - Institute for the Study of Labor (IZA) - 2005

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …

Persistent link: https://www.econbiz.de/10005566733

Ownership or Performance: What Determines Board of Directors' Turnover in Italy?

Brunello, Giorgio; Graziano, Clara; Parigi, Bruno Maria - 2000

This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...

Persistent link: https://www.econbiz.de/10010276137

The determinants of asset stripping: theory and evidence from the transition economies

Campos, Nauro F.; Giovannoni, Francesco - 2005

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...

Persistent link: https://www.econbiz.de/10010267582

Firm ownership and rent sharing

Monteiro, Natália Pimenta; Portela, Miguel; Straume, … - 2010

We analyse - theoretically and empirically - how private versus public ownership of firms affects the degree of rent sharing between firms and their workers. Using a particularly rich linked employer-employee dataset from Portugal, covering a large number of corporate ownership changes across a...

Persistent link: https://www.econbiz.de/10010269766

Employment and wage effects of privatization: evidence from Hungary, Romania, Russia, and Ukraine

Brown, J. David; Earle, John S.; Telegdy, Álmos - 2008

transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries … consistently reject job losses and they never imply large wage cuts from privatization to either foreign or domestic owners. The … domestic privatization estimates are close to zero for employment, while for wages they are negative but small in magnitude …

Persistent link: https://www.econbiz.de/10010268760