References
- Adithipyangkul, P., & Leung, T. Y. (2015). State ownership, legal institution, and independent director compensation: An exploratory study in China. Chinese Economy, 48(6), 430–448.
- Bebchuk, L. A., & Fried, J. M. (2004). Pay without Performance: The Unfulfilled Promise of Executive Compensation. Cambridge, MA: Harvard University Press.
- Bebchuk, L. A., Fried, J. M., & Walker, D. I. (2002). Managerial power and rent extraction in the design of executive compensation. University of Chicago Law Review, 69(3), 751–846.
- Bruce, A., Buck, T., & Main, B. G. M. (2005). Top executive remuneration: A view from Europe. Journal of Management Studies, 42(7), 1493–1506.
- Chen, G., Firth, M., & Xu, L. (2009). Does the type of ownership control matter? Evidence from China’s listed companies?. Journal of Banking and Finance, 33(1), 171–181.
- Chen, J., Ezzamel, M., & Cai, Z. (2011). Managerial power theory, tournament theory, and executive pay in China. Journal of Corporate Finance, 17(4), 1176–1199.
- Conyon, M. J., & He, L. (2011). Executive compensation and corporate governance in China. Journal of Corporate Finance, 17(4), 1158–1175.
- Cooke, F. L. (2004). Public-sector pay in China: 1949-2001. The International Journal of Human Resource Management, 15(4-5), 895–916.
- Doupnik, T. S. (2008). Influence of culture on earnings management: A note. Abacus, 44(3), 317–340.
- Du, G. (2003). Perfect the use of government power, work conscientiously to prevent abuse of power for personal gain. Chinese Economy, 36(5), 77–88.
- Fauver, L., & McDonald, M. B. (2015). Culture, agency costs, and governance: International evidence on capital structure. Pacific-Basin Finance Journal, 34, 1–23.
- Feng, C. (1999). Jiangxi in reform: The fear of exclusion and the search for a new identity. In H. J. Hendrischke, & C. Feng (Eds.), The Political Economy of China’s Provinces: Competitive and Comparative Advantages (pp. 249–276). London: Routledge.
- Filatotchev, I., Jackson, G., & Nakajima, C. (2013). Corporate governance and national institutions: A review and emerging research agenda. Asia Pacific Journal of Management, 30(4), 965–986.
- Firth, M., Leung, T. Y., & Rui, O. (2010). Justifying top management pay in a transitional economy. Journal of Empirical Finance, 17(5), 852–866.
- Han, P. C. (2013). Confucian leadership and the rising Chinese economy. Chinese Economy, 46(2), 107–127.
- Hutton, I., Jiang, D., & Kumar, A. (2015). Political values, culture, and corporate litigation. Management Science, 61(12), 2905–2925.
- Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behaviour, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305–360.
- Konrad, A. M., Kramer, V., & Erkut, S. (2008). The impact of three or more women on corporate boards. Organizational Dynamics, 37(2), 145–164.
- Lai, H. (2006). Reform and the Non-State Economy in China. Basingstoke: Palgrave Macmillan.
- Lan, G. Z., & Chen, G. (2010). Intergovernmental relations in Mainland China. In E. M. Berman, M. J. Moon, & H. Choi (Eds.), Public Administration in East Asia: Mainland China, Japan, South Korea, Taiwan (pp. 75–93). Boca Raton, FL: CRC Press.
- Lewis, C. M. (1969). The Hunan elite and the reform movement, 1895-1898. Journal of Asian Studies, 29(1), 35–42.
- Li, C. (2012). Equality and inequality in Confucianism. Dao, 11(3), 295–313.
- Li, S. (2004). The puzzle of firm performance in China: An institutional explanation. Economics of Planning, 37(1), 47–68.
- Li, Y., Lou, F., Wang, J., & Yuan, H. (2013). A survey of executive compensation contracts in China’s listed companies. China Journal of Accounting Research, 6(3), 211–231.
- Li, Z. (2010). China’s corporate governance: The Mingxing electric power company scandal. Chinese Economy, 43(3), 77–102.
- Lin, L. (2013). State ownership and corporate governance in China: An executive career approach. Columbia Business Law Review, 3, 743–800.
- Lin, L. (2014). Regulating executive compensation in China: Problems and solutions. Journal of Law and Commerce, 32(2), 207–254.
- Lin, L. (2016). Behind the numbers: State capitalism and executive compensation in China. University of Pennsylvania Asian Law Review, 12(2), 140–185.
- Liu, A. P. L. (2001). Provincial identities and political cultures: Modernism, traditionalism, parochialism, and separatism. In S. Hua (Ed.), Chinese Political Culture 1989—2000. Armonk: M.E. Sharpe.
- Markóczy, L., Sun, S. L., Peng, M. W., Shi, W., & Ren, B. (2013). Social network contingency, symbolic management, and boundary stretching. Strategic Management Journal, 34(11), 1367–1387.
- Olles, V. (2013). Ritual Words: Daoist Liturgy and the Confucian Liumen Tradition in Sichuan Province. Wiesbaden: Harrassowitz Verlag.
- Perez, B. (2015, August 24). Bosses of China Mobile, Unicom and Telecom reshuffled as Beijing revamps state-owned telecommunications firms. South China Morning Post. Retrieved from https://www.scmp.com/tech/enterprises/article/1852075/china-mobile-names-former-regulator-new-chairman-amid-4g-and.
- Tan, J., Li, S., & Xia, J. (2007). When iron fist, visible hand, and invisible hand meet: Firm-level effects of varying institutional environments in China. Journal of Business Research, 60, 786–794.
- Tang, Y., Ye, S., & Zhou, J. (2013). Political connections, legal environment, and corporate valuation in Chinese public family firms. Chinese Economy, 46(6), 32–49.
- Tosi, H. L., & Greckhamer, T. (2004). Culture and CEO compensation. Organization Science, 15(6), 657–670.
- Van Essen, M., Heugens, P. P., Otten, J., & Van Oosterhout, J. (2012). An institution-based view of executive compensation: A multilevel meta-analytic test. Academy of Management Proceedings, 2011(1), 1–423.
- Van Essen, M., Otten, J., & Carberry, E. J. (2015). Assessing managerial power theory: A meta-analysis approach to understanding the determinants. of CEO Compensation. Journal of Management, 41(1), 164–202.
- Wei, W. (2007). Diversity: The key to corporate governance reform. Chinese Economy, 40(4), 44–55.
- Westphal, J. D., & Zajac, E. J. (1994). Substance and symbolism in CEOs’ long-term incentive plans. Administrative Science Quarterly, 39(3), 367–390.
- Yang, B. (2012). Confucianism, socialism, and capitalism: A comparison of cultural ideologies and implied managerial philosophies and practices in the P.R. China. Human Resource Management Review, 22(3), 165–178.