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This paper is about the promotion of industrial peace where labor and management work hand in hand to succeed in their business. The frameworks on competency-based compensation and equitable profit sharing are meant to distribute the wealth generated by businesses equitably and to efficiently manage the business in terms of cost and productivity. In this manner, prosperity will be achieved even in...
Using an unbalanced panel which consists of a total of 43626 executives in 1362 publicly listed corporations (PLCs) in China during 1999 and 2007, this paper empirically examines several theories of managerial compensation. The paper finds that pay increases as executives move up the corporate hierarchy into higher ranks. In addition, pay gap is the largest between the first and second tier executives...
Chinapsilas economic reforms have succeeded in bringing the desired benefits, particularly in its numerous State-owned Enterprises (SOEs). How such reforms are affecting the management of SOEs and their employees are the concerns of this paper. The findings of a triangulated work of survey-interview-document are as follows:(i) SOEs have been operating in a competitive free market environment;(ii)...
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