Matches in SemOpenAlex for { <https://semopenalex.org/work/W2079154197> ?p ?o ?g. }
- W2079154197 endingPage "28" @default.
- W2079154197 startingPage "15" @default.
- W2079154197 abstract "Lin, Cai, and Li [Lin, Y., Cai, F., Li, Z., 1998. Competition, policy burdens, and state-owned enterprise reform. American Economic Review 88, 422–327] argue that under information asymmetry, SOE managers can use state-imposed policy burdens as excuses of poor performance and make the State accountable for it. The argument implies that turnover–performance sensitivity of SOEs decreases as policy burdens increase and that such impact depends on the extent of information asymmetry. Accordingly, this paper empirically explores how policy burdens affect top management turnover of Chinese listed firms between 2000 and 2005. We find that high surplus labor significantly reduces the sensitivity of chairman turnover to performance for state-controlled firms, while private firms do not exhibit such a pattern. Furthermore, our results show that high surplus labor reduces the turnover–performance sensitivity more for firms with greater information asymmetry. Overall, we find strong evidence supporting the implications of Lin, Cai, and Li [Lin, Y., Cai, F., Li, Z., 1998. Competition, policy burdens, and state-owned enterprise reform. American Economic Review 88, 422–327]. In addition, we find that chairman turnover of Chinese firms is sensitive to different performance measures for state-controlled firms and private firms." @default.
- W2079154197 created "2016-06-24" @default.
- W2079154197 creator A5013206161 @default.
- W2079154197 creator A5028462736 @default.
- W2079154197 creator A5048420263 @default.
- W2079154197 creator A5064249820 @default.
- W2079154197 date "2009-03-01" @default.
- W2079154197 modified "2023-10-13" @default.
- W2079154197 title "Policy burdens, firm performance, and management turnover" @default.
- W2079154197 cites W1962088456 @default.
- W2079154197 cites W1984093002 @default.
- W2079154197 cites W1997344600 @default.
- W2079154197 cites W2017533857 @default.
- W2079154197 cites W2046909043 @default.
- W2079154197 cites W2050162946 @default.
- W2079154197 cites W2058514143 @default.
- W2079154197 cites W2132453464 @default.
- W2079154197 cites W2145031899 @default.
- W2079154197 cites W2145725905 @default.
- W2079154197 cites W3121551117 @default.
- W2079154197 cites W3122320107 @default.
- W2079154197 cites W3123659852 @default.
- W2079154197 cites W3123754011 @default.
- W2079154197 cites W3126115909 @default.
- W2079154197 cites W4237698034 @default.
- W2079154197 cites W4362236466 @default.
- W2079154197 doi "https://doi.org/10.1016/j.chieco.2008.11.005" @default.
- W2079154197 hasPublicationYear "2009" @default.
- W2079154197 type Work @default.
- W2079154197 sameAs 2079154197 @default.
- W2079154197 citedByCount "51" @default.
- W2079154197 countsByYear W20791541972012 @default.
- W2079154197 countsByYear W20791541972013 @default.
- W2079154197 countsByYear W20791541972014 @default.
- W2079154197 countsByYear W20791541972015 @default.
- W2079154197 countsByYear W20791541972016 @default.
- W2079154197 countsByYear W20791541972017 @default.
- W2079154197 countsByYear W20791541972018 @default.
- W2079154197 countsByYear W20791541972019 @default.
- W2079154197 countsByYear W20791541972020 @default.
- W2079154197 countsByYear W20791541972021 @default.
- W2079154197 countsByYear W20791541972022 @default.
- W2079154197 countsByYear W20791541972023 @default.
- W2079154197 crossrefType "journal-article" @default.
- W2079154197 hasAuthorship W2079154197A5013206161 @default.
- W2079154197 hasAuthorship W2079154197A5028462736 @default.
- W2079154197 hasAuthorship W2079154197A5048420263 @default.
- W2079154197 hasAuthorship W2079154197A5064249820 @default.
- W2079154197 hasConcept C10138342 @default.
- W2079154197 hasConcept C105795698 @default.
- W2079154197 hasConcept C11413529 @default.
- W2079154197 hasConcept C137577040 @default.
- W2079154197 hasConcept C138885662 @default.
- W2079154197 hasConcept C144133560 @default.
- W2079154197 hasConcept C145236788 @default.
- W2079154197 hasConcept C162324750 @default.
- W2079154197 hasConcept C185592680 @default.
- W2079154197 hasConcept C18903297 @default.
- W2079154197 hasConcept C2776035688 @default.
- W2079154197 hasConcept C2992833379 @default.
- W2079154197 hasConcept C33923547 @default.
- W2079154197 hasConcept C41008148 @default.
- W2079154197 hasConcept C41895202 @default.
- W2079154197 hasConcept C48103436 @default.
- W2079154197 hasConcept C55493867 @default.
- W2079154197 hasConcept C556758197 @default.
- W2079154197 hasConcept C86803240 @default.
- W2079154197 hasConcept C91306197 @default.
- W2079154197 hasConcept C98184364 @default.
- W2079154197 hasConcept C99221444 @default.
- W2079154197 hasConceptScore W2079154197C10138342 @default.
- W2079154197 hasConceptScore W2079154197C105795698 @default.
- W2079154197 hasConceptScore W2079154197C11413529 @default.
- W2079154197 hasConceptScore W2079154197C137577040 @default.
- W2079154197 hasConceptScore W2079154197C138885662 @default.
- W2079154197 hasConceptScore W2079154197C144133560 @default.
- W2079154197 hasConceptScore W2079154197C145236788 @default.
- W2079154197 hasConceptScore W2079154197C162324750 @default.
- W2079154197 hasConceptScore W2079154197C185592680 @default.
- W2079154197 hasConceptScore W2079154197C18903297 @default.
- W2079154197 hasConceptScore W2079154197C2776035688 @default.
- W2079154197 hasConceptScore W2079154197C2992833379 @default.
- W2079154197 hasConceptScore W2079154197C33923547 @default.
- W2079154197 hasConceptScore W2079154197C41008148 @default.
- W2079154197 hasConceptScore W2079154197C41895202 @default.
- W2079154197 hasConceptScore W2079154197C48103436 @default.
- W2079154197 hasConceptScore W2079154197C55493867 @default.
- W2079154197 hasConceptScore W2079154197C556758197 @default.
- W2079154197 hasConceptScore W2079154197C86803240 @default.
- W2079154197 hasConceptScore W2079154197C91306197 @default.
- W2079154197 hasConceptScore W2079154197C98184364 @default.
- W2079154197 hasConceptScore W2079154197C99221444 @default.
- W2079154197 hasIssue "1" @default.
- W2079154197 hasLocation W20791541971 @default.
- W2079154197 hasOpenAccess W2079154197 @default.
- W2079154197 hasPrimaryLocation W20791541971 @default.
- W2079154197 hasRelatedWork W1978664422 @default.
- W2079154197 hasRelatedWork W2064044459 @default.