agency theory

What Do We Know About China's CEO's? Evidence from Across the Whole Economy
Publication date: 25 Aug 2012 | Publication type: NIESR Discussion Paper | Theme: Trade, Investment & Productivity, Employment & Social policy | Authors: Bryson, A, Forth, J | External authors: Minghai Zhou | NIESR discussion paper number: 397
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 for...
CEO Bonding: Who Posts Performance Bonds and Why?
Publication date: 24 Feb 2012 | Publication type: NIESR Discussion Paper | Theme: Trade, Investment & Productivity, Employment & Social policy | Authors: Bryson, A, Forth, J | External authors: Zhou, M. | JEL classification: G34; J31; J33; M12; M52; O16; P31 | NIESR discussion paper number: 389
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...