3Jensen, M., and K. Murphy, 1990, "CEO Incentives: It's not How Much You Pay, but How", Journal of Applied Corporate Finance3: 36- 49.
4Joskow, P., N. Rose, and A. Shepard, 1993, "Regulatory Constraints on CEO Compensation", Brookings Papers on Economic Activity 1: 1-72.
5Joskow, P., N. Rose and C. Wolfram, 1996, "Political Constraints on Executive Compensation: Evidence from the Electric Utility Industry," Rand Journal of Economics 27 : 165-82.
6Kanma, C., 2007, "Industry Product Market Competition and Managerial. Incentives", Journal of Accounting and Economics 43: 275-297.
7Kole, S., and K. Lehn, 1999, "Deregulation and the Adaptation of Governance Structure: The Case of the U.S. Airline industry", Journal of Financial Economics 52 :79- 119.
8Li, Wei, 1997, "The Impact of Economic Reform on the Performance of Chinese State Enter-prises, 1980--1989", Journal of Political Economics 105 : 1080-106.
9Mehran, H., 1995, "Executive Compensation Structure, Ownership, and Firm Performance", Journal of Financial Economics 38, 163-184.
10Natarajan, R, 1996, "Stewardship Value of Earnings Components: Additional Evidence on the Determinants of Executive Compensation", Accounting Review71 : 1-22.
