Li, Shi; Zhao, Yaohui - In: Journal of Chinese Economic and Business Studies 1 (2003) 2, pp. 245-258
Chinese collective and state-owned enterprises have tended to over-compensate their employees. Using payments in kind as an example, this paper examines why and how firms engage in such 'irrational' behavior. In-kind payments (payments made in terms of consumer goods) used to be an important...