[The Political Promotion for Quasi-Government Officers: Evidence from Central State-owned Enterprises in China]
AbstractUsing political mobility data for 189 leaders from China’s central state-owned enterprise (CSOEs) in 2008-2011, for the first time this paper investigates the mechanism of political turnover for leaders as quasi-government officers in CSOEs. We find that: (1) the likelihood of promotion of these leaders increases with their economic performance measured as growth rate of operating revenue, while the likelihood of demotion decreases with their economic performance; (2) these leaders with CCP central committee member have higher probability of promotion than their counterpart; (3) these leaders with Ph.D. degree have higher probability of promotion than their counterpart; (4) compared to growth rate of operating revenue, growth rate of maintaining and increasing the value of state capital has no significant effect on promotion; (5) the compensation linked to position in CSOEs has no impact on leaders’ promotion, which indicates that leaders in CSOEs look more likely government officials rather than professional managers.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50317.
Date of creation: 01 Apr 2012
Date of revision: 01 Sep 2013
state-owned enterprise; promotion; government officer; economic performance; guangxi;
Find related papers by JEL classification:
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- M51 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Firm Employment Decisions; Promotions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-11 (All new papers)
- NEP-POL-2013-10-11 (Positive Political Economics)
- NEP-TRA-2013-10-11 (Transition Economics)
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