Intra-firm Compensation Inequity and Corporate Performance: Evidence from China’s Listed Companies
This paper examines the impact of intrafirm compensation inequity on China’s listed companies’ performance. Consistent with equity theory and relative deprivation theory, we find that intra-firm positive compensation inequity is positively related to accounting based performance. Besides, in developed regions, positive inequity still has a significantly positive effect on market based performance. However, in less developed regions, positive inequity becomes negatively correlated to market based performance. Our results indicate that intra-firm compensation inequity really affects corporate performance. The “chastisement role of positive inequity on firm’s future growth has emerged in firms located in China’s less developed regions.
China Compensation Inequity Corporate performance
QIN Yu TAO Lijuan
School of Economics and Management, Zhejiang Sci-Tech University, Hangzhou, China,310018 International Business School. Qingdao University. Qingdao, China, 266071
国际会议
大连
英文
300-305
2012-07-07（万方平台首次上网日期，不代表论文的发表时间）