3Murphy K. Executive Compensation, in Ed. O Ashenfelter and D Card, Handbook of Labor Economics, 1999, Vol. Ⅲ, Amsterdam: North-Holland.
4Core J E , Guay W R , Larcker D F. Executive Equity Compensation and Incentives: A Survey. Economic Policy Review (Federal Reserve Bank of New York), 2003, (9): 27-50.
5Jensen C M , Murphy, K J. Performance Pay and Top-Management Incentives. Journal of Political Economy, 1990, (98):225-264.
6Hart O , Holmstrom B . The Theory of Contracts. In Advances in Economic Theory , Fifth World Congress, 1987, in Ed. T Bewley.Cambridge University Press.
7Gibbons R , Murphy K. Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence. Journal of Political Economy, 1992, (100): 468-505.
8Holmstrom B . Managerial Incentive Problems: A Dynamic Perspective. Review of Economic Studies, 1999, (66): 169-82.
9Qian Y , Xu C . Why China's Economic Reform Differ: The M-form Hierarchy and Entry/Expansion of the Non-state Sector.Economics of Transition 1993, (2): 135-170.
10Huang Y. Inflation and Investment Controls in China. Cambridge: Cambridge University Press. 1996.