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 | |
| 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
指纹
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Firth, M. A., Rui, O. M., Leung, T. Y., & Na, C. (2015). Relative pay and its effects on firm efficiency in a transitional economy. Journal of Economic Behavior & Organization, 110, 59-77. https://doi.org/10.1016/j.jebo.2014.12.001