The question whether compound words are stored in our mental lexicon in a decomposed or full-listing way prompted Janssen and colleagues (2008) to investigate the representation of compounds using word and morpheme frequencies manipulations. Our study replicated their study using a new set of stimuli from a spoken corpus and incorporating EEG data for a more detailed investigation. In the current study, despite ERP analyses revealing no word frequency or morpheme frequency effects across conditions, behavioral outcomes indicated that Mandarin compounds are not sensitive to word frequency. Instead, the response times highlighted a morpheme frequency effect in naming Mandarin compounds, which contrasted with the findings of Janssen and colleagues. These findings challenge the full-listing model and instead support the decompositional model.