The study looked at what factors influence how much CEOs get paid in Chinese public companies. They found that in companies where ownership is spread out, CEO pay is more tied to how big the company is. But in companies where ownership is more concentrated, CEO pay is more linked to how well the company is doing financially. Having a compensation committee in a company means the CEO will likely get paid more. Companies with concentrated ownership tend to perform better than those with dispersed ownership. CEOs are more motivated to do well when they own more of the company they work for.