The proper disposal of zombie firms is the key to supply‐side structural reform. Based on data of A‐share markets from 2009 to 2018, this study explores the impact of pay‐performance sensitivity (PPS) of executives on curing zombie firms. The findings show that PPS has a significant effect on curing zombie firms, and the innovation performance plays a partially mediating role between PPS and cured zombie firms. Further analysis shows that the above effects are heterogeneous, demonstrating that the effects of PPS on curing zombie firms are more pronounced for technology‐intensive industrial firms and non‐state‐owned firms.
In comedy movies, the grassroots hero is almost an essential role. Even if he is not the protagonist, he will inevitably occupy an important scene and play an important role in making jokes, embellishing the theme, and pushing the plot. In this paper, there are two comedies and they are A Chinese Odyssey Part One: Pandora's Box and Detective Chinatown. This paper takes two comedies released over 20 years as the main research object to analyze the positioning and role of grassroots heroes and analyzes the characteristics of the characters of grassroots heroes in these two films respectively. Then, it analyzes the evolution of the characters of grassroots heroes in Chinese comedies in the past 20 years.
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