Incentive Bargaining and Corporate Governance Comparative Enterprise Law among the US, Japan, and China
Book contents
- Incentive Bargaining and Corporate Governance
- Incentive Bargaining and Corporate Governance
- Copyright page
- Contents
- Figures
- Preface and Acknowledgments
- Abbreviations
- Introduction
- Part I Theory and Framework
- Part II Management
- 3 Incentive of Management
- 4 Board Systems
- Part III The Other Three Players and Incentive Bargaining
- Part IV Types of Firms
- Part V Legislative Policies
- References
- Index
3 - Incentive of Management
from Part II - Management
Published online by Cambridge University Press: 12 December 2025
Book contents
- Incentive Bargaining and Corporate Governance
- Incentive Bargaining and Corporate Governance
- Copyright page
- Contents
- Figures
- Preface and Acknowledgments
- Abbreviations
- Introduction
- Part I Theory and Framework
- Part II Management
- 3 Incentive of Management
- 4 Board Systems
- Part III The Other Three Players and Incentive Bargaining
- Part IV Types of Firms
- Part V Legislative Policies
- References
- Index
Summary
Management is the only window to incentive bargaining. The result of the incentive bargaining, filtered by management’s own incentive, determines the direction of managing the firm. Chapter 3 categorizes managerial incentives into power-related, reputational, and monetary incentives, and compares the characteristics of managerial incentives in the three countries. For US management, monetary incentives are the most important among the three categories. For Japanese management, the monetary incentive is not the priority but is subordinated to power-related and reputational incentives. In China, managerial incentives are different in SOEs and POEs. For SOE management, monetary compensation is not so important, but political rank is more important, which is accompanied by monetary rewards. For POE management, monetary incentives are important, and stock options are widely used. At the same time, the political network is important to POE management, and POE management cares about its reputation in the party-state as well.
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- Incentive Bargaining and Corporate GovernanceComparative Enterprise Law among the US, Japan, and China, pp. 89 - 114Publisher: Cambridge University PressPrint publication year: 2026
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