Nonexecutive employee compensation and firm labor productivity

被引：0

作者：

Zhao, Minghui ^{[1
]}

Fong, Kwong Yee ^{[1
]}

Leong, Wai Nga ^{[1
]}

Li, Qiu ^{[1
]}

Chen, Rujie ^{[2
]}

机构：

[1] City Univ Macau, Business Sch, Macau 999078, Peoples R China

[2] Neusoft Inst Guangdong, Sch Innovat & Entrepreneurship, Foshan 528225, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2025年 / 73卷

关键词：

Employee compensation; Labor productivity; Organizational empowerment; Management capability; Organizational resilience; Digitalization; HUMAN-RESOURCE MANAGEMENT; ORGANIZATIONAL RESILIENCE; PAY; INCENTIVES; IMPACT; WORK;

D O I：

10.1016/j.frl.2024.106678

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examined the impact of nonexecutive employee compensation on labor productivity. We explored how organizational empowerment dimensions and industry characteristics shape this relationship based on data from Chinese-listed firms from 2012 to 2021. Compensation effectiveness varied across productivity levels and industries, with stronger effects at lowerproductivity levels. Industry heterogeneity analysis indicates that technology-intensive sectors had enhanced compensation-productivity relationships, while labor- and asset-intensive industries exhibited weaker effects. Management capability, organizational resilience, and digitalization positively moderated this relationship. These findings highlight that the effectiveness of compensation strategies is significantly affected by organizational context and industry characteristics. This study augments compensation theory by identifying key boundary conditions in the compensation-productivity relationship, providing practical guidance for creating effective compensation strategies across organizational contexts.

引用

页数：12

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