Abstract

By evaluating the generalist indexes of 2,683 CEOs from 1,954 listed firms in the Chinese A-share market from 2015 to 2019, this study used regressions and two-stage least squares regression to investigate how competitive generalist CEOs are in China. Generalist CEOs are more competitive than specialist CEOs in the majority of sectors, particularly in the construction, retail, and wholesale sectors. This study also showed that generalists receive more compensation. Moreover, senior generalist CEOs are more competitive than young CEOs, and male managers receive more compensation than females. Meanwhile, this research uncovered a significant relationship between generalist CEOs and their income in state-owned enterprises (SOEs) but not in non-SOEs. These findings help us to understand CEO compensation spillovers in the Chinese employment market.

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