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Vive la différence! : the performance effects of vertical pay dispersion in family and nonfamily firms

Wybrane pełne teksty z tego czasopisma
Identyfikatory
Warianty tytułu
Konferencja
Proceedings of the 2022 International Conference on Research in Management & Technovation
Języki publikacji
EN
Abstrakty
EN
This study explores the impact of pay dispersion between different ranks (TMT vs. Non-TMT group) on firm short-term financial performance with mediation effect of organizational turnover with the light of Tournament theory and Stewardship theory. This relationship is also examined with the moderating effect of firm control type which is categorized into family firms vs. non-family firms. We used a firm level data set of 1398 samples collected from TEJ database (from 2018 to 2020) to test the proposed model. The results showed that vertical dispersion (2018) negatively impacts organizational turnover (2019) and consequently improve firm financial performance (2020). In addition, the indirect effect (vertical dispersion-organizational turnover-financial performance) is pronounced in family firms rather than in non-family counterparts.
Rocznik
Tom
Strony
189--193
Opis fizyczny
Bibliogr. 26 poz., tab., wykr.
Twórcy
  • Department of Business Management, National Sun Yat-sen University, Kaohsiung, Taiwan
autor
  • Institute of Human Resource Management, National Sun Yat-sen University, Kaohsiung, Taiwan
  • Institute of Human Resource Management, National Sun Yat-sen University, Kaohsiung, Taiwan
  • Department of Business and Management, National University of Tainan, Taiwan
Bibliografia
  • 1. B. L. Connelly, K. T. Haynes, L. Tihanyi, D. L. Gamache, and C. E. Devers, "Minding the Gap:Antecedents and Consequences of Top Management-To-Worker Pay Dispersion," vol. 42, no. 4, pp. 862-885, 2016, doi: 10.1177/0149206313503015.
  • 2. P. E. Downes and D. Choi, "Employee reactions to pay dispersion: A typology of existing research," Human Resource Management Review, vol. 24, no. 1, pp. 53-66, 2014/03/01/ 2014, https://doi.org/10.1016/j.hrmr.2013.08.009.
  • 3. J. D. Shaw, "Pay Dispersion," Annual Review of Organizational Psychology and Organizational Behavior, vol. 1, no. 1, pp. 521-544, 2014/03/21 2014, http://dx.doi.org/10.1146/annurev-orgpsych-031413-091253.
  • 4. J. G. Messersmith, K. Y. Kim, and P. C. Patel, "Pulling in different directions? Exploring the relationship between vertical pay dispersion and high-performance work systems," Human Resource Management, vol. 57, no. 1, pp. 127-143, Jan-Feb 2018, http://dx.doi.org/10.1002/hrm.21846.
  • 5. F. Keppeler and U. Papenfuss, "Understanding vertical pay dispersion in the public sector: the role of publicness for manager-to-worker pay ratios and interdisciplinary agenda for future research," Public Management Review, 2021, http://dx.doi.org/10.1080/14719037.2021.1942531.
  • 6. J. G. Messersmith, J. P. Guthrie, Y.-Y. Ji, and J.-Y. Lee, "Executive turnover: The influence of dispersion and other pay system characteristics," Journal of Applied Psychology, vol. 96, no. 3, pp. 457-469, 2011, http://dx.doi.org/10.1037/a0021654.
  • 7. G. Sanchez-Marin and J. S. Baixauli-Soler, "TMT pay dispersion and firm performance: the moderating role of organizational governance effectiveness," Journal of Management & Organization, vol. 21, no. 4, pp. 436-459, 2015, http://dx.doi.org/10.1017/jmo.2014.87.
  • 8. J. D. Shaw, N. Gupta, and J. E. Delery, "Pay dispersion and workforce performance: moderating effects of incentives and interdependence," Strategic Management Journal, https://doi.org/10.1002/smj.235 vol. 23, no. 6, pp. 491-512, 2002/06/01 2002, https://doi.org/10.1002/smj.235.
  • 9. N. Gupta, S. A. Conroy, and J. E. Delery, "The many faces of pay variation," Human Resource Management Review, vol. 22, no. 2, pp. 100-115, 2012/06/01/ 2012, http://dx.doi.org/https://doi.org/10.1016/j.hrmr.2011.12.001.
  • 10. B. E. Becker and M. A. Huselid, "The Incentive Effects of Tournament Compensation Systems," Administrative Science Quarterly, vol. 37, no. 2, pp. 336-350, 1992, http://dx.doi.org/10.2307/2393228.
  • 11. G. M. M. Brian, C. A. O'Reilly, and J. Wade, "Top Executive Pay: Tournament or Teamwork?," Journal of Labor Economics, vol. 11, no. 4, pp. 606-628, 1993. [Online]. Available: http://www.jstor.org/stable/2535229.
  • 12. P. C. Patel, M. Li, M. del Carmen Triana, and H. D. Park, "Pay dispersion among the top management team and outside directors: Its impact on firm risk and firm performance," vol. 57, no. 1, pp. 177-192, 2018, http://dx.doi.org/https://doi.org/10.1002/hrm.21872.
  • 13. J. J. Chrisman, J. H. Chua, A. W. Pearson, and T. Barnett, "Family Involvement, Family Influence, and Family–Centered Non–Economic Goals in Small Firms," Entrepreneurship Theory and Practice, vol. 36, no. 2, pp. 267-293, 2012/03/01 2012, http://dx.doi.org/10.1111/j.1540-6520.2010.00407.x.
  • 14. J. H. Chua, J. J. Chrisman, L. P. Steier, and S. B. Rau, "Sources of Heterogeneity in Family Firms: An Introduction," Entrepreneurship Theory and Practice, vol. 36, no. 6, pp. 1103-1113, 2012/11/01 2012, doi: 10.1111/j.1540-6520.2012.00540.x.
  • 15. J. J. Chrisman, J. H. Chua, and P. J. C. w. p. s. Sharma, "Current trends and future directions in family business management studies: Toward a theory of the family firm," vol. 4, no. 1, pp. 1-63, 2003.
  • 16. J. H. Davis, F. D. Schoorman, and L. Donaldson, "Davis, Schoorman, and Donaldson Reply: The Distinctiveness of Agency Theory and Stewardship Theory," The Academy of Management Review, vol. 22, no. 3, pp. 611-613, 1997. [Online]. Available: http://www.jstor.org/stable/259407.
  • 17. K. A. Eddleston and F. W. Kellermanns, "Destructive and productive family relationships: A stewardship theory perspective," Journal of Business Venturing, vol. 22, no. 4, pp. 545-565, 2007/07/01/ 2007, https://doi.org/10.1016/j.jbusvent.2006.06.004.
  • 18. J. Diéguez-Soto, P. López-Delgado, and A. Rojo-Ramírez, "Identifying and classifying family businesses," Review of Managerial Science, vol. 9, no. 3, pp. 603-634, 2015/07/01 2015, http://dx.doi.org/10.1007/s11846-014-0128-6.
  • 19. Z. Li, J. Daspit, and L. Marler, "Executive Pay Dispersion: Reconciling the Differing Effects of Pay Inequality and Pay Inequity on Firm Performance," The International Journal of Human Resource Management, 05/01 2021, http://dx.doi.org/10.1080/09585192.2021.1925324.
  • 20. A. F. Hayes, Introduction to mediation, moderation, and conditional process analysis: A regression-based approach. Guilford publications, 2017.
  • 21. K. J. Preacher, D. D. Rucker, and A. F. Hayes, "Addressing Moderated Mediation Hypotheses: Theory, Methods, and Prescriptions," Multivariate Behavioral Research, vol. 42, no. 1, pp. 185-227, 2007/06/29 2007, http://dx.doi.org/10.1080/00273170701341316.
  • 22. E. P. Lazear and S. Rosen, "Rank-Order Tournaments as Optimum Labor Contracts," Journal of Political Economy, vol. 89, no. 5, pp. 841-864, 1981. [Online]. Available: http://www.jstor.org/stable/1830810.
  • 23. P. Rovelli, M. Ferasso, A. De Massis, and S. Kraus, "Thirty years of research in family business journals: Status quo and future directions," Journal of Family Business Strategy, p. 100422, 2021/03/31/ 2021, http://dx.doi.org/https://doi.org/10.1016/j.jfbs.2021.100422.
  • 24. J. H. Block, C. O. Fisch, J. Lau, M. Obschonka, and A. Presse, "Who prefers working in family firms? An exploratory study of individuals’ organizational preferences across 40 countries," Journal of Family Business Strategy, vol. 7, no. 2, pp. 65-74, 2016/06/01/ 2016, http://dx.doi.org/https://doi.org/10.1016/j.jfbs.2016.04.001.
  • 25. D. Miller, I. Le Breton-Miller, R. H. Lester, and A. A. Cannella, "Are family firms really superior performers?," Journal of Corporate Finance, vol. 13, no. 5, pp. 829-858, 2007/12/01/ 2007, https://doi.org/10.1016/j.jcorpfin.2007.03.004.
  • 26. M. D. Ensley, A. W. Pearson, and S. R. Sardeshmukh, "The negative consequences of pay dispersion in family and non-family top management teams: an exploratory analysis of new venture, high-growth firms," Journal of Business Research, vol. 60, no. 10, pp. 1039-1047, 2007/10/01/ 2007, https://doi.org/10.1016/j.jbusres.2006.12.012.
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-fcd69482-9a83-46bc-a5ef-f790c4f84ee1
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