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| Tekijä: | Zhuang, J. Xu, C. |
| Otsikko: | Profit-sharing and financial performance in the Chinese State enterprises: evidence from Panel data |
| Lehti: | Economics of Planning
1996 : VOL. 29:3, p. 205-222 |
| Asiasana: | ECONOMICS PLANNING CHINA |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the effects of incentives in employee remuneration on financial performance in a sample of Chinese state-owned enterprises during the late 1980s and early 1990s. The estimates show that bonus payments as a form of profit-sharing between employees and the state have positive effects on both the total factor productivity and profitability of the sample SOEs. Moreover, the actual level of bonus payments is found to be lower than the optimal level which a competitive firm would set to maximize profits. |
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