West meets east: Understanding managerial incentives in Chinese SOEs

• 作者: Anze Bao Fang Hu Qingquan Xin
• 来源期刊: 中国会计学刊:英文版
• 学科: 经济
• 关键词: SOE Managerial INCENTIVES Bureaucratic HIERARCHY POLITICAL PROMOTION
• 年，卷（期）: 2019,（2）
• 页码范围: 177-189
• 页数: 13页
• 分类号: F276.1

摘要

State-owned enterprises(SOE) are essentially extensions of the government and are therefore responsible for multi-task objectives. The incentive system for SOE managers consists of both monetary compensation and promotion within the bureaucratic system. Political promotion is key to understanding the incentives of SOE managers. In the reform and opening up era, SOEs have been reformed and exposed to political and market forces. The design of incentive systems for SOE managers has thus become complicated and challenging.Our study provides important implications for this key issue of SOE reform.