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Using data on Chinese listed firms from 2017 to 2022, we examine the effect of CEOs' overseas experience on researchers' wages. We find that CEOs' overseas experience increases researchers' wages. This finding remains valid after robustness tests and is prominent for state-owned enterprises, large firms, and firms with CEOs who have worked or studied in the U.S. We study the role of CEOs' overseas experience in firms' internal labour market and deepen our understanding of researchers' compensation contracts.
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Wu et al. (2024) studied this question.
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