search query: @author Groves, T. / total: 2
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| Author: | Groves, T. |
| Title: | China's evolving managerial labor market |
| Journal: | Journal of Political Economy
1995 : AUG, VOL. 103:4, p. 873-892 |
| Index terms: | CHINA LABOUR MANAGEMENT |
| Language: | eng |
| Abstract: | Recent reforms of Chinese state-owned enterprises strengthened a nascent managerial labour market by incorporating incentives suggestive of competitive Western labour markets. Poorly performing firms were more likely to have a new manager selected by auction, to be required to post a higher security deposit, and to be subject to more frequent review of the manager's contract. Managers could be, and were, fired for poor performance. Managerial pay was linked to the firm's sales and profits, and reform strengthened the profit link and weakened the sales link. |
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