State Owned Vs. Privately Owned Firms: Whose CEOs Are Better Compensated?

• Main Authors: CAO, Xiaping Jerry, TIAN, GARY, PAN, XIAOFEI
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Managerial compensation; Firm performance; Ownership structure; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research_smu/17; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1016&context=lkcsb_research_smu
• Institution: Singapore Management University

This paper investigates CEO pay and pay-performance relationship in China’s listed firms. We distinguish four firm types based on their controlling owners: state owned enterprises affiliated with state asset management bureaus (SAMBs), state owned enterprises affiliated with the central government (...