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Despite considerable interest in the adoption of profit-sharing plans in firms in China,there is a lack of a theoretical framework to explore why these plans are adopted.This paper provides a theoretical framework as to the reason why some CEOs in Chinese private firms adopt profit sharing scheme in their companies and why some do not.We develop a model examining both internal and external factors specific to the individual and the firm.We then theorize whether the reasons for using the profit-sharing plans will ultimately lead to improved firm performance.