Relative pay and its effects on firm efficiency in a transitional economy

Michael Arthur Firth; Oliver Meng Rui; Tak Yan Leung; Chaohong Na

doi:10.1016/j.jebo.2014.12.001

Relative pay and its effects on firm efficiency in a transitional economy

Michael Arthur Firth (First Author), Oliver Meng Rui (Participant Author), Tak Yan Leung (Participant Author), Chaohong Na (Participant Author)

金融学

科研成果: 期刊稿件 › 期刊论文

摘要

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 management and this leads to lower productivity. This effect is most pronounced in labor intensive firms.

源语言	英语
页（从-至）	59-77
期刊	Journal of Economic Behavior & Organization
卷	110
DOI	https://doi.org/10.1016/j.jebo.2014.12.001
出版状态	已出版 - 2015

Corresponding author email

mafirth@ln.edu.hk

关键词

Productivity
Relative pay
Top management pay
Transitional economy

成果物的来源

ABDC-A*
Scopus
SSCI

访问文件

10.1016/j.jebo.2014.12.001许可: CC BY-NC-ND

OpenUrl 可用性

全文

引用此

@article{f90f31a0945e4ff992a0121b7069b233,

title = "Relative pay and its effects on firm efficiency in a transitional economy",

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 management and this leads to lower productivity. This effect is most pronounced in labor intensive firms.",

keywords = "Productivity, Relative pay, Top management pay, Transitional economy, Productivity, Relative pay, Top management pay, Transitional economy",

author = "Firth, {Michael Arthur} and Rui, {Oliver Meng} and Leung, {Tak Yan} and Chaohong Na",

year = "2015",

doi = "10.1016/j.jebo.2014.12.001",

language = "English",

volume = "110",

pages = "59--77",

journal = "Journal of Economic Behavior & Organization",

issn = "0167-2681",

}

TY - JOUR

T1 - Relative pay and its effects on firm efficiency in a transitional economy

AU - Firth, Michael Arthur

AU - Rui, Oliver Meng

AU - Leung, Tak Yan

AU - Na, Chaohong

PY - 2015

Y1 - 2015

N2 - 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 management and this leads to lower productivity. This effect is most pronounced in labor intensive firms.

AB - 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 management and this leads to lower productivity. This effect is most pronounced in labor intensive firms.

KW - Productivity

KW - Relative pay

KW - Top management pay

KW - Transitional economy

KW - Productivity

KW - Relative pay

KW - Top management pay

KW - Transitional economy

U2 - 10.1016/j.jebo.2014.12.001

DO - 10.1016/j.jebo.2014.12.001

M3 - Journal

SN - 0167-2681

VL - 110

SP - 59

EP - 77

JO - Journal of Economic Behavior & Organization

JF - Journal of Economic Behavior & Organization

ER -

Relative pay and its effects on firm efficiency in a transitional economy

摘要

Corresponding author email

关键词

成果物的来源

访问文件

OpenUrl 可用性

指纹

引用此