@article{oai:nagoya.repo.nii.ac.jp:00021944,
 author = {FANG, Fang and GAO, Minghua and SEMBA, Hu Dan},
 issue = {3},
 journal = {経済科学},
 month = {Feb},
 note = {This paper investigates the relationship between executives' ability and executives' compensation based on data concerning Chinese listed companies. We found that executives with higher ability can obtain a higher salary, which partly validates the manager market in China. Further analysis suggests that this correlation exists only in competitive industries and that there is a significant difference in executive pay decision mechanisms between monopoly and competitive industries. This paper enriches studies on determinants of executive pay, and the findings have policy implications for relevant regulators.},
 pages = {19--28},
 title = {Executive Ability, Industry Competition and Executive Pay: An Empirical Analysis of Chinese Listed Companies},
 volume = {63},
 year = {2016}
}