›› 2018, Vol. 34 ›› Issue (10): 57-67.

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Pay Gap within the Family Businesses and the Enterprise Growth——Which is more important, internal equity or external equity?

GUO Xinhua1, LIU Hui2   

  1. 1.Business School,Xiangtan University, Xiangtan 411105, China;
    2.Business School,Hunan Normal University,Changsha 410081,China
  • Received:2017-09-22 Online:2018-10-10 Published:2018-10-10

家族企业薪酬差距与企业成长——内部公平与外部公平哪个更重要?

郭新华1, 刘辉2   

  1. 1.湘潭大学商学院,湖南湘潭411105;
    2.湖南师范大学商学院,湖南长沙410081
  • 作者简介:郭新华(1972-),男,湖南常德人,湘潭大学商学院教授,博士生导师;刘辉(1991-),男,湖南娄底人,湖南师范大学博士生。
  • 基金资助:
    国家社科基金项目(12&ZD050)

Abstract: Taking 352 family businesses as samples, this paper investigates the influence of the internal and external pay gap on the growth of the family businesses through the threshold panel model. It is found that the pay gap within the family businesses has a positive impact on the growth of the enterprises, and it tends to be a nonlinear inverted U-type. That is, there is a distinct interval effect. Threshold panel regression results show that when the relative pay gap between executives and ordinary employees in the family businesses is maintained between 3.778 and 7.870 times, the growth performance of the enterprises is the best. The expansion of the external compensation gap in the executives of the family businesses has a significant positive effect on the growth of the enterprises, and its effect is greater than that of the internal pay gap.

摘要: 以352家家族企业为样本,通过门限面板模型考察了家族企业内外部薪酬差距对其企业成长性的影响。研究发现:家族企业内部薪酬差距对企业成长性具有正向影响,且呈现出非线性的倒U型变动趋势,存在显著的区间效应;门限回归结果表明,当高管与普通员工的相对薪酬差距维持在3.778到7.870倍之间时,企业成长性表现最佳;家族企业高管外部薪酬差距的扩大对于企业成长性的提高具有显著正向作用,其作用效果要强于内部薪酬差距对企业成长性的影响。

关键词: 家族企业, 内部薪酬差距, 外部薪酬差距, 企业成长, 门限面板模型

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