We compare the sensitivity of managerial cash compensation to firm performance, the level of long term managerial incentives, and the sensitivity of CEO turnover to firm performance for three types of state-controlled Chinese firms: A shares (firms incorporated and listed in mainland China), H...

We examine whether allowing publicly listed firms to adopt equity-based compensation increases shareholder value for firms domiciled in weak institutional environments. We test our idea using a series of regulations in China that allowed publicly listed Chinese firms to adopt equity-based...

We examine how government ownership affects the top management team's (TMT) pay dispersion and how such TMT pay dispersion affects subsequent firm performance. We test three competing views on the influences of government ownership, referred to as the agency view, the equity view, and the...