Through the looking glass: CEO pay in China's listed companies

Alex Bryson, John Forth, Minghai Zhou, 24 June 2014



For many in the West China remains a paradox: a single-party Communist state with a vibrant, thriving economy set to challenge the US in the coming decade. Some have questioned the sustainability of the Chinese growth miracle in the absence of fully-fledged democracy and root-and-branch market reforms.

Topics: Financial markets, Labour markets
Tags: CEOs, China, corporate governance, Executive compensation, executive pay

Say on pay in the UK: Modest effect, even after the crisis

Ian Gregory-Smith, Steve Thompson, Peter Wright, 24 March 2014



The extensive academic literature on the growth of executive compensation has tended to polarise around one of two positions: the rents-capture view and the optimal contracting approach. These analyses lead to very different positions on the value of a ‘say on pay’ policy:

Topics: Frontiers of economic research, Labour markets, Microeconomic regulation, Poverty and income inequality
Tags: corporate governance, Executive compensation, executive pay, UK, voting

Incentive accounts: A solution to executive compensation

Xavier Gabaix , Alex Edmans, 24 June 2009



In an influential book, Bebchuk and Fried (2004) argued that executive compensation is set by managers themselves to maximise their own pay, rather than by boards on behalf of shareholders. Indeed, many commentators argue that executives’ pay schemes were major contributors to the financial crisis, encouraging them to take on too much risk and manage their company for short-term profit.

Topics: Microeconomic regulation
Tags: Executive compensation, incentives

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