Intra-firm Compensation Inequity and Corporate Performance: Evidence from China's Listed Companies

被引：0
|
作者：
Qin Yu [1 ]
Tao Lijuan [2 ]
机构：
[1] Zhejiang Sci Tech Univ, Sch Econ & Management, Hangzhou 310018, Peoples R China
[2] Qingdao Univ, Int Business Sch, Qingdao 266071, Peoples R China
来源：
PROCEEDINGS OF THE 4TH (2012) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT, VOLS I AND II | 2012年
关键词：
China; Compensation; Inequity; Corporate performance;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the impact of intra-firm 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.
引用
收藏
页码：300 / +
页数：2
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