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CEO Bonding: Who Posts Performance Bonds and Why?
Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012
Despite their theoretical value in tackling principal-agent problems at low cost to firms there is almost no empirical literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine their incidence and test propositions from...
Persistent link: https://www.econbiz.de/10010535360
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The CEO Labour Market in China's Public Listed Companies
Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012
Using panel data for all of China's public listed firms over the period 2001-2010 we examine how firms have recruited and rewarded their executives over a decade of huge growth and turbulence. CEO pay is sensitive to firm performance, although the elasticities are lower than for the United...
Persistent link: https://www.econbiz.de/10010551657
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CEO Incentive Contracts in China: Why Does City Location Matter?
Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2013
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract...
Persistent link: https://www.econbiz.de/10010610739
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What Do We Know About China's CEO's? Evidence from Across the Whole Economy
Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012
All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...
Persistent link: https://www.econbiz.de/10010700445
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Multinationals and US Productivity Leadership: Evidence from Great Britain
Criscuolo, Chiara; Martin, Ralf - Centre for Economic Performance, LSE - 2005
We study the productivity of US owned plants in the UK. Using a new dataset that identifies foreign and domestic MNEs …
Persistent link: https://www.econbiz.de/10005150984
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Privatization, Entry Regulation and the Decline of Labor's Share of GDP: A Cross-Country Analysis of the Network Industries
Azmat, Ghazala; Manning, Alan; Reenen, John Van - Centre for Economic Performance, LSE - 2007
-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labor …
Persistent link: https://www.econbiz.de/10005151023
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Product Market Competition Returns to Skill and Wage Inequality
Guadalupe, María - Centre for Economic Performance, LSE - 2005
This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity...
Persistent link: https://www.econbiz.de/10005017132
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The Effect of Trade Liberalization on Informality and Wages: Evidence from Mexico
Aleman-Castilla, Benjamin - Centre for Economic Performance, LSE - 2006
This paper studies the impact of NAFTA on informality and real wages in Mexico. Using a dynamic industry model with firm heterogeneity, it is predicted that import tariff elimination could reduce the incidence of informality by making more profitable to some firms to enter the formal sector,...
Persistent link: https://www.econbiz.de/10005151025
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Has job polarisation squeezed the American middle class?
Boehm, Michael - Centre for Economic Performance, LSE - 2013
Job polarisation has had strong effects on US workers' relative wages, according to research by Michael Boehm. His study examines whether the decline in manufacturing and clerical jobs has been responsible for the lagging wages of middle-skill workers in the United States. Comparing the...
Persistent link: https://www.econbiz.de/10010721427
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The Effect of Trade on the Demand for Skill - Evidence from the Interstate Highway System
Michaels, Guy - Centre for Economic Performance, LSE - 2006
Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the labor market consequences of increased international trade. The advent of the United States Interstate Highway System provides a unique policy experiment, which I use to identify...
Persistent link: https://www.econbiz.de/10005797169