Incentive Effect of Pay Gap in Top Management Team under Different Promotion Opportunities
Abstract
Abstract. This paper makes a research on the effect of pay gap in top management team on company performance under different promotion opportunities of managers by using panel data of Chinese A share listed firms during 2015-2019. The results show that when managers have less opportunities to be promoted, the pay gap in top management team is lager. But lager pay gap will not always improve performance.
Keywords
Top management team, Pay gap, Promotion opportunities
DOI
10.12783/dtssehs/aeim2021/35998
10.12783/dtssehs/aeim2021/35998