Abstract
The article considers the role of corporate vitality in shaping China's growth, focusing on the link between corporate financial performance and executive compensation. The author cites research by Michael Firth of The Hong Kong Polytechnic University, Peter Fung of Hong Kong Community College, and Oliver Rui of the Chinese University of Hong Kong. The researchers looked at Chinese corporate governance, including the role of the state in naming the dominant shareholder, which can be the state itself, state-owned entreprises that report to either the central government or to a local government, private Chinese shareholders, or foreign investors. The researchers found a range of correlations between dominant-shareholder type and executive pay, incentives, and corporate financial performance.
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