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High benefits and low wages: Employees as monitor of management in SOEs

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  • Zhou, Huizhong

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  • Zhou, Huizhong, 2004. "High benefits and low wages: Employees as monitor of management in SOEs," China Economic Review, Elsevier, vol. 15(4), pages 407-423.
    • Handle: RePEc:eee:chieco:v:15:y:2004:i:4:p:407-423
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    References listed on IDEAS

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    1. Aghion, Philippe & Tirole, Jean, 1997. "Formal and Real Authority in Organizations," Journal of Political Economy, University of Chicago Press, vol. 105(1), pages 1-29, February.
    2. Milgrom, Paul R, 1988. "Employment Contracts, Influence Activities, and Efficient Organization Design," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 42-60, February.
    3. Shleifer, Andrei & Vishny, Robert W, 1997. "A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
    4. Xiao, Geng, 1991. "Managerial autonomy, fringe benefits, and ownership structure: A comparative study of Chinese state and collective enterprises," China Economic Review, Elsevier, vol. 2(1), pages 47-73.
    5. Masahiko Aoki, 2013. "Toward an Economic Model of the Japanese Firm," Chapters, in: Comparative Institutional Analysis, chapter 18, pages 315-341, Edward Elgar Publishing.
    6. Holmstrom, Bengt & Milgrom, Paul, 1994. "The Firm as an Incentive System," American Economic Review, American Economic Association, vol. 84(4), pages 972-991, September.
    7. Rein,Martin & Friedman,Barry L. & Wörgötter,Andreas (ed.), 1997. "Enterprise and Social Benefits after Communism," Cambridge Books, Cambridge University Press, number 9780521584036.
    8. Mathias Dewatripont & Jean Tirole, 1994. "A Theory of Debt and Equity: Diversity of Securities and Manager-Shareholder Congruence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(4), pages 1027-1054.
    9. Cauley, Jon & Sander, Todd, 1992. "Agency theory and the Chinese enterprise under reform," China Economic Review, Elsevier, vol. 3(1), pages 39-56.
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    Cited by:

    1. Wei, Chunyan & Hu, Shiyang & Chen, Feng, 2020. "Do political connection disruptions increase labor costs in a government-dominated market? Evidence from publicly listed companies in China," Journal of Corporate Finance, Elsevier, vol. 62(C).
    2. Kato, Takao & Long, Cheryl, 2011. "Tournaments and managerial incentives in China's listed firms: New evidence," China Economic Review, Elsevier, vol. 22(1), pages 1-10, March.
    3. Kurt Hess & Abeyratna Gunasekarage & Martin Hovey, 2010. "State‐dominant and non‐state‐dominant ownership concentration and firm performance," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 6(4), pages 264-289, September.
    4. Li, Qian & Guo, Mengting, 2022. "Do the resignations of politically connected independent directors affect corporate social responsibility? Evidence from China," Journal of Corporate Finance, Elsevier, vol. 73(C).

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