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1 and fixed compensation on the relationship be- tween leaders'

image concerns and their impres- sion management during decline.

Our results, based on a specially-designed management simulation game conducted with experienced Chinese managers, show that high publicity of decline elevates leaders'

image concerns, which in turn increases their impression management during decline. In addition, incentive compensa- tion strengthens rather than weakens the effects of leaders'

image concerns on their impression management. We discuss the implications of leaders'

impression management during organi- zational decline. Contact: [email protected] Ding, Yuan &

Wang, Xiaozhou.

2015 Mar. 企 业资产运作 新常态 . 中国改革 (China Reform). Contact: [email protected] Firth, Michael, Leung, T.Y., Rui, Oliver and Na, Chaohong. 2015. Relative Pay and its Effects on Firm Efficiency in a Transitional Econo- my . Journal of Economic Behavior and Or- ganization. (A*) 59-77. Abstract: In this study, we examine the impact of relative pay (manager pay divided by average worker pay) on a firm'

s productivity. Using data from a major transitional economy, China, we find that relative pay is negatively associated with high productivity. Our results provide support for the view that workers are alienated when their incomes are far lower than that of top manage- ment and this leads to lower productivity. This effect is most pronounced in labor intensive firms. Paper: http://www.sciencedirect.com/science/ article/pii/S0167268114003138 Contact: [email protected] Guillaume, E., Baranski, E., Todd, E., … Yang, Y., &

Funder, D. C.. forthcoming. The world at 7: Comparing the experience of situations across

20 countries . Journal of Personality. Paper: http://www.yu-yang.com/papers/ Guillaume_etal_2015_JP.pdf Contact: [email protected] Kim, T.-Y., Lee, D.R., &

Wong, N.. forthcom- ing. Supervisor Humor and Employee Out- comes: The Role of Social Distance and Af- fective Trust in Supervisor . Journal of Busi- ness and Psychology. Contact: [email protected] Park, Seung Ho &

Li, Shaomin.

2015 Jan. Corporate Ponzi game in China: can Chinese Cai, Jiangnan (John) &

Ding, Zhulin.

2015 Jan. 医保控费,如何落实? . China Health. Contact: [email protected] Cao, Jerry X., Ding, Yuan and Zhang, Hua. forthcoming. Social Capital, Informal Govern- ance, and Post-IPO Firm Performance: A Study of Chinese Entrepreneurial Firms . Journal of Business Ethics. (FT45). Contact: [email protected] [email protected] Chen, Shimin, Ni, Xu and Tong, Jamie Y.. forthcoming Jan. Gender Diversity in the Boardroom and Risk Management: A Case of R&

D Investment . Journal of Business Ethics. (FT45). Abstract: Increasing gender diversity in the boardroom has been promoted as a way to en- hance corporate governance and risk manage- ment. This study empirically examines whether boards with more female directors play a role in reducing R&

D risk. We first show that female directors help to reduce the positive relationship between R&

D investment and future performance volatility. We then report that firms with more gen- der-diverse boards exhibit a lower adverse effect of R&

D on the cost of debt. These results are robust to endogeneity analysis, alternative measures of gender diversity and risky invest- ment, and other sensitivity tests. Overall, our re- sults suggest that female directors improve board effectiveness in risk management with respect to R&

D investment. Paper: http://link.springer.com/article/10.1007/ s10551-014-2528-6 Contact: [email protected] Chng, D. H. M., Rodgers, M. S., Shih, E., &