Drawing on the discrepancy model, we re-examine the impact of pay comparison on employees＇ pay level satisfaction by taking pay basis and pay program into account. Actual pay data from 382 Chinese employees, along wi...Drawing on the discrepancy model, we re-examine the impact of pay comparison on employees＇ pay level satisfaction by taking pay basis and pay program into account. Actual pay data from 382 Chinese employees, along with their self-reported pay level satisfaction, provides support for our research model. Specifically, results show that the positive effect of over/underpayment on pay level satisfaction is more robust than that of internal pay standing, indicating the importance of pay basis for pay satisfaction perception. In addition, the positive relationship between internal pay standing and pay level satisfaction is weaker among employees who are in a pay program of high pay-for-performance intensity. We conclude by discussing the theoretical and practical implications of these findings.展开更多
In this paper, we empirically analyze the effects that the geographical relationships between chairman and CEO have on the latter's compensation contracts,based on samples of listed A-share private firms from 2005...In this paper, we empirically analyze the effects that the geographical relationships between chairman and CEO have on the latter's compensation contracts,based on samples of listed A-share private firms from 2005 to 2014. We find that geographical relationships are related to lower pay–performance sensitivity, and that the correlation mainly exists in poor performance periods,suggesting that geographical relationships weaken the effectiveness of compensation contracts. We also find that geographical relationships can be substituted by external formal institutions.展开更多
基金Acknowledgements This research is supported by the National Science Foundation of China （71232001, 71402061）.
文摘Drawing on the discrepancy model, we re-examine the impact of pay comparison on employees＇ pay level satisfaction by taking pay basis and pay program into account. Actual pay data from 382 Chinese employees, along with their self-reported pay level satisfaction, provides support for our research model. Specifically, results show that the positive effect of over/underpayment on pay level satisfaction is more robust than that of internal pay standing, indicating the importance of pay basis for pay satisfaction perception. In addition, the positive relationship between internal pay standing and pay level satisfaction is weaker among employees who are in a pay program of high pay-for-performance intensity. We conclude by discussing the theoretical and practical implications of these findings.
基金financial support from China Postdoctoral Science Foundation (2016M601606)Humanity and Social Science Youth foundation of Ministry of Education of China (15YJC790137)
文摘In this paper, we empirically analyze the effects that the geographical relationships between chairman and CEO have on the latter's compensation contracts,based on samples of listed A-share private firms from 2005 to 2014. We find that geographical relationships are related to lower pay–performance sensitivity, and that the correlation mainly exists in poor performance periods,suggesting that geographical relationships weaken the effectiveness of compensation contracts. We also find that geographical relationships can be substituted by external formal institutions.
