Yang, Ruilong and Wang, Yuan and Nie, Huihua (2012): “准官员”的晋升机制:来自中国央企的证据. Published in: Management World (in Chinese) No. 3 (1 March 2013): pp. 23-33.
Preview |
PDF
MPRA_paper_50317.pdf Download (325kB) | Preview |
Abstract
Using political mobility data for 189 leaders from China’s central state-owned enterprise (CSOEs) in 2008-2011, for the first time this paper investigates the mechanism of political turnover for leaders as quasi-government officers in CSOEs. We find that: (1) the likelihood of promotion of these leaders increases with their economic performance measured as growth rate of operating revenue, while the likelihood of demotion decreases with their economic performance; (2) these leaders with CCP central committee member have higher probability of promotion than their counterpart; (3) these leaders with Ph.D. degree have higher probability of promotion than their counterpart; (4) compared to growth rate of operating revenue, growth rate of maintaining and increasing the value of state capital has no significant effect on promotion; (5) the compensation linked to position in CSOEs has no impact on leaders’ promotion, which indicates that leaders in CSOEs look more likely government officials rather than professional managers.
Item Type: | MPRA Paper |
---|---|
Original Title: | “准官员”的晋升机制:来自中国央企的证据 |
English Title: | The Political Promotion for Quasi-Government Officers: Evidence from Central State-owned Enterprises in China |
Language: | Chinese |
Keywords: | state-owned enterprise, promotion, government officer, economic performance, guangxi |
Subjects: | D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D86 - Economics of Contract: Theory J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J63 - Turnover ; Vacancies ; Layoffs M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M5 - Personnel Economics > M51 - Firm Employment Decisions ; Promotions |
Item ID: | 50317 |
Depositing User: | Prof. Huihua Nie |
Date Deposited: | 06 Oct 2013 08:13 |
Last Modified: | 29 Sep 2019 20:38 |
References: | [1] Bai, Chong-En, Jiangyong Lu, Zhigang Tao, 2006, “The Multitask Theory of State Enterprise Reform: Empirical Evidence from China”, American Economic Review, papers and proceedings, 96 (2): 353-357. [2] Barro, Jason, and Robert Barro, 1990, “Pay, Performance, and Turnover of Bank CEOs”, Journal of Labor Economics, 8(4): 448-481. [3] Battistin, Erich, Clara Graziano, Bruno Parigi, 2012, “Connections or Performance: What Determines Turnover of Italian Bankers”, European Economic Review, 56(3): 470-487. [4] Bo, Zhiyue, 1996, “Economic Performance and Political Mobility: Chinese Provincial Leaders,” Journal of Contemporary China, 5(12): 135-154. [5] Bo, Zhiyue, Chinese Provincial Leaders: Economic Performance and Political Mobility since 1949. Armonk, NY: M.E. Sharpe, 2002. [6] Cai, Hongbin, Daniel Treisman, 2005, “Does Competition for Capital Discipline Governments? Decentralization, Globalization, and Public Policy”, American Economic Review, 95(3): 817-830. [7] Chen, Ye, Hongbin Li and Li-An Zhou, 2005, “Relative Performance Evaluation and the Turnover of Provincial Leaders in China”, Economics Letters, 88, 421-425. [8] Groves, Theodore, Yongmiao Hong, John McMillan and Barry Naughton, 1995, “China’s Evolving Managerial Labor Market”, Journal of Political Economy, 103(4): 873-892. [9] Jensen, Michael, 1986, “Agency Costs of Free Cash Flow, Corporate Finance and Takeovers”, American Economic Review, 76(2): 323-329. [10] Jenter, Dirk, Fadi Kanaan, 2008, “CEO Turnover and Relative Performance Evaluation”, Research Papers 1992, Stanford University, Graduate School of Business. [11] Landry, Pierre, 2003, “The Political Management of Mayors in Post-Deng China”, Copenhagen Journal of Asian Studies, 17: 31-58. [12] Lazear, Edward, and Sherwin Rosen, 1981, “Rank-Order Tournaments as Optimum Labor Contracts”, Journal of Political Economy, 89(5): 841-864. [13] Li, Hongbin, Meng, Lingsheng, and Zhang, Junsen, 2006, “Why Do Entrepreneurs Enter Politics? Evidence from China”, Economic Inquiry , 44(3): 559–578. [14] Li, Hongbin and Li-An Zhou, 2005, “Political Turnover and Economic Performance: the Incentive Role of Personnel Control in China”, Journal of Public Economics, 89, 1743-1762. [15] 林挺进,2010:《中国地级市市长职位升迁的经济逻辑分析》,《公共管理研究》第5期。 [16] McGregor, Douglas, 2005(1960), The Human Side of Enterprise, Annotated Edition, McGraw-Hill Press. [17] Mei, Ciqi, 2009, “Brings the Politics Back In: Political Incentive and Policy Distortion in China”, PhD. Dissertation Department of Economics University of Maryland. [18] Murphy, Kevin, and Jerold Zimmerman, 1993, “Financial Performance Surrounding CEO Turnover”, Journal of Accounting and Economics, 16(1-3): 273-315. [19] Opper, Sonja, Stefan Brehm, 2007, “Economic Performance and Networks: Political Careers in China’s M-Form State”, working paper. [20] Sheng Yumin, 2009, “Career Incentives and Political Control under Authoritarianism: Explaining the Political Fortunes of Subnational Leaders in China”, Working Paper. [21] Shirley, Mary, and Lixin Colin Xu, 2001, “Empirical Effects of Performance Contracts: Evidence from China”, Journal of Law, Economics, & Organization, 17(1): 168-200. [22] 陶然、苏福兵、陆曦、朱昱铭,2010,《经济增长能够带来晋升吗?——对晋升锦标赛理论的逻辑挑战与省级实证重估》,《管理世界》,第12期。 [23] 王贤彬、张莉、徐现祥,2011,《辖区经济增长绩效与省长省委书记晋升》,《经济社会体制比较》,第1期。 [24] Wooldridge, Jeffrey, 2002, Econometric Analysis of Cross Section and Panel Data, MIT Press, Cambridge. [25] 徐现祥、李郇,王美今,2007,《区域一体化、经济增长与政治晋升》,《经济学季刊》, 第4期。 [26] 徐现祥、王贤彬,2010 ,《晋升激励与经济增长》,《世界经济》,第2 期。 [27] 杨其静、郑楠,2012,《威权体制下特殊的地方官员晋升锦标赛——基于中国市委书记数据的经验研究》,工作论文。 [28] Yao, Yang, and Muyang Zhang, 2012, “Subnational Leaders and Economic Growth: Evidence from Chinese Cities”, working paper [29] 张军、高远,2007,《官员任期、异地流动与经济增长》,《经济研究》,第11期。 [30] 周黎安,2007,《中国地方官员的晋升锦标赛模式研究》,《经济研究》,第7期。 [31] 邹至庄,2005,《中国经济转型》,曹祖平等译,中国人民大学出版社。 |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/50317 |