firm-specific human capital

Publication date: 11 Apr 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: 391
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...