{"title":"分析师覆盖、内部薪酬差距与公司绩效:来自中国国有上市企业的证据","authors":"Yuqing Zhang, Shiping Liu","doi":"10.1109/ICSSSM.2015.7170171","DOIUrl":null,"url":null,"abstract":"This study investigates the moderating effect of analyst coverage on the relationship between internal pay gap and company performance. Based on a sample of 2993 Chinese stated-owned listed enterprises from 2010 to 2014, we find that both executive pay gap and pay gap between executives and employees are positively related to company performance, which support the tournament theory. In addition, our results indicate that the positive effect of internal pay gap on company performance is stronger for companies with analyst coverage. Moreover, tournament incentives are weaker when there is greater forecast error or forecast dispersion.","PeriodicalId":211783,"journal":{"name":"2015 12th International Conference on Service Systems and Service Management (ICSSSM)","volume":"97 2 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Analyst coverage, internal pay gap and company performance: Evidence from Chinese stated-owned listed enterprises\",\"authors\":\"Yuqing Zhang, Shiping Liu\",\"doi\":\"10.1109/ICSSSM.2015.7170171\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study investigates the moderating effect of analyst coverage on the relationship between internal pay gap and company performance. Based on a sample of 2993 Chinese stated-owned listed enterprises from 2010 to 2014, we find that both executive pay gap and pay gap between executives and employees are positively related to company performance, which support the tournament theory. In addition, our results indicate that the positive effect of internal pay gap on company performance is stronger for companies with analyst coverage. Moreover, tournament incentives are weaker when there is greater forecast error or forecast dispersion.\",\"PeriodicalId\":211783,\"journal\":{\"name\":\"2015 12th International Conference on Service Systems and Service Management (ICSSSM)\",\"volume\":\"97 2 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-06-22\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"2015 12th International Conference on Service Systems and Service Management (ICSSSM)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/ICSSSM.2015.7170171\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"2015 12th International Conference on Service Systems and Service Management (ICSSSM)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICSSSM.2015.7170171","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Analyst coverage, internal pay gap and company performance: Evidence from Chinese stated-owned listed enterprises
This study investigates the moderating effect of analyst coverage on the relationship between internal pay gap and company performance. Based on a sample of 2993 Chinese stated-owned listed enterprises from 2010 to 2014, we find that both executive pay gap and pay gap between executives and employees are positively related to company performance, which support the tournament theory. In addition, our results indicate that the positive effect of internal pay gap on company performance is stronger for companies with analyst coverage. Moreover, tournament incentives are weaker when there is greater forecast error or forecast dispersion.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
