West meets east: Understanding managerial incentives in Chinese SOEs

West meets east: Understanding managerial incentives in Chinese SOEs

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 t...

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Main Authors: Qingquan Xin, Anze Bao, Fang Hu
Format: Article
Language:English
Published: Elsevier 2019-06-01
Series:China Journal of Accounting Research
Online Access:http://www.sciencedirect.com/science/article/pii/S1755309118301989
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spelling doaj-d9ea80bd4808420285aafe45df9385f32020-11-25T01:48:40ZengElsevierChina Journal of Accounting Research1755-30912019-06-01122177189West meets east: Understanding managerial incentives in Chinese SOEsQingquan Xin0Anze Bao1Fang Hu2Chongqing University, China; Corresponding author at: School of Economics and Business Administration, Chongqing University, Shapingba, Chong Qing, P.R.China.Chongqing University, ChinaGriffith University, AustraliaState-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. Keywords: SOE, Managerial incentives, Bureaucratic hierarchy, Political promotionhttp://www.sciencedirect.com/science/article/pii/S1755309118301989
collection DOAJ
language English
format Article
sources DOAJ
author Qingquan Xin
Anze Bao
Fang Hu
spellingShingle Qingquan Xin
Anze Bao
Fang Hu
West meets east: Understanding managerial incentives in Chinese SOEs
China Journal of Accounting Research
author_facet Qingquan Xin
Anze Bao
Fang Hu
author_sort Qingquan Xin
title West meets east: Understanding managerial incentives in Chinese SOEs
title_short West meets east: Understanding managerial incentives in Chinese SOEs
title_full West meets east: Understanding managerial incentives in Chinese SOEs
title_fullStr West meets east: Understanding managerial incentives in Chinese SOEs
title_full_unstemmed West meets east: Understanding managerial incentives in Chinese SOEs
title_sort west meets east: understanding managerial incentives in chinese soes
publisher Elsevier
series China Journal of Accounting Research
issn 1755-3091
publishDate 2019-06-01
description 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. Keywords: SOE, Managerial incentives, Bureaucratic hierarchy, Political promotion
url http://www.sciencedirect.com/science/article/pii/S1755309118301989
work_keys_str_mv AT qingquanxin westmeetseastunderstandingmanagerialincentivesinchinesesoes
AT anzebao westmeetseastunderstandingmanagerialincentivesinchinesesoes
AT fanghu westmeetseastunderstandingmanagerialincentivesinchinesesoes
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