The relationship between bonuses and firm performance

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-09-25 DOI:10.1016/j.frl.2025.108514

Balázs Reizer

引用次数: 0

Abstract

I investigate the relationship between bonus payments and firm performance using a large-scale Hungarian linked employer-employee database. I found that firms with a 10% higher share of workers with bonuses have a 3.9%–4.6% higher value added per worker and 3 percent higher total factor productivity. This relationship is linear in the share of workers receiving bonuses, suggesting that bonuses are more effective when more workers receive them within a firm. At the same time, the relationship between firm performance and bonus payments is independent of labour share and firm size, although it is stronger in the service sector.

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奖金与公司绩效的关系

我研究奖金支付和企业绩效之间的关系，使用大规模匈牙利关联雇主-雇员数据库。我发现，拥有奖金的员工比例高出10%的企业，人均增加值提高3.9%-4.6%，全要素生产率提高3%。在领取奖金的员工比例中，这种关系是线性的，这表明当公司内有更多的员工领取奖金时，奖金的效果会更好。与此同时，公司绩效与奖金支付之间的关系与劳动份额和公司规模无关，尽管在服务业中这种关系更为强烈。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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