Business, Management and Accounting
4 years ago

CEO pay in Chinese state-owned enterprises linked to performance variance.

Journal of Labor Economics
Agency Theory and Executive Compensation: The Case of Chinese State‐Owned Enterprises
Taye Mengistae, Lixin Colin Xu

Paper Summary

The article looks at how CEO pay in Chinese state-owned companies is influenced by agency theory. The study shows that CEO pay is less affected by performance variations. CEO pay is more linked to how much their actions impact the company's success. CEO pay in Chinese state-owned firms is less tied to sales but similar to profitability compared to Western companies.

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