메뉴 건너뛰기




Volumn 22, Issue 10, 2011, Pages 2147-2166

Pay dispersion and the financial performance of the firm: Evidence from Korea

Author keywords

Incentive intensity; Pay dispersion; Pay for performance efficiency; Strategic pay

Indexed keywords


EID: 79960692005     PISSN: 09585192     EISSN: 14664399     Source Type: Journal    
DOI: 10.1080/09585192.2011.580182     Document Type: Article
Times cited : (22)

References (61)
  • 2
    • 24644518942 scopus 로고    scopus 로고
    • 'The interplay between cultural and institutional/structural contingencies in human resource management practices'
    • Aycan, Z. (2005), 'The Interplay between Cultural and Institutional/Structural Contingencies in Human Resource Management Practices,' International Journal of Human Resource Management, 16, 1083-1119.
    • (2005) International Journal of Human Resource Management , vol.16 , pp. 1083-1119
    • Aycan, Z.1
  • 3
    • 4444356309 scopus 로고    scopus 로고
    • 'The power of labor to grieve: The impact of the workplace, labor market, and power-dependence on employee grievance filing'
    • Bacharach, S., and Bamberger, P. (2004), 'The Power of Labor to Grieve: The Impact of the Workplace, Labor Market, and Power-dependence on Employee Grievance Filing,' Industrial and Labor Relations Review, 57, 518-539.
    • (2004) Industrial and Labor Relations Review , vol.57 , pp. 518-539
    • Bacharach, S.1    Bamberger, P.2
  • 4
    • 0348162429 scopus 로고
    • Compensation strategy for firms in emerging and rapidly growing industries
    • Balkin, D. (1988), 'Compensation Strategy for Firms in Emerging and Rapidly Growing Industries,' Human Resource Planning, 11, 207-214.
    • (1988) Human Resource Planning , vol.11 , pp. 207-214
    • Balkin, D.1
  • 5
    • 84989056707 scopus 로고
    • Matching compensation and organizational strategies
    • Balkin, D., and Gomez-Mejia, L. (1990), 'Matching Compensation and Organizational Strategies,' Strategic Management Journal, 11, 153-169.
    • (1990) Strategic Management Journal , vol.11 , pp. 153-169
    • Balkin, D.1    Gomez-Mejia, L.2
  • 6
    • 0036018695 scopus 로고    scopus 로고
    • Managing customer services: Human resource practices, quit rates, and sales growth
    • Batt, R. (2002), 'Managing Customer Services: Human Resource Practices, Quit Rates, and Sales Growth,' Academy of Management Journal, 45, 587-597.
    • (2002) Academy of Management Journal , vol.45 , pp. 587-597
    • Batt, R.1
  • 7
    • 84933495629 scopus 로고
    • The incentive effects of tournament compensation systems
    • Becker, B.E., and Huselid, M.A. (1992), 'The Incentive Effects of Tournament Compensation Systems,' Administrative Science Quarterly, 37, 336-351.
    • (1992) Administrative Science Quarterly , vol.37 , pp. 336-351
    • Becker, B.E.1    Huselid, M.A.2
  • 8
    • 0033248830 scopus 로고    scopus 로고
    • The performance effects of pay dispersion on individuals and organizations
    • Bloom, M. (1999), 'The Performance Effects of Pay Dispersion on Individuals and Organizations,' Academy of Management Journal, 42, 25-40.
    • (1999) Academy of Management Journal , vol.42 , pp. 25-40
    • Bloom, M.1
  • 9
    • 0036003210 scopus 로고    scopus 로고
    • The relationships among organizational context, pay dispersion, and managerial turnover
    • Bloom, M., and Michel, J.G. (2000), 'The Relationships among Organizational Context, Pay Dispersion, and Managerial Turnover,' Academy of Management Journal, 43, 33-42.
    • (2000) Academy of Management Journal , vol.43 , pp. 33-42
    • Bloom, M.1    Michel, J.G.2
  • 10
    • 34250790237 scopus 로고    scopus 로고
    • An investigation on the attitudes of Chinese workers towards individually based performance-related reward systems
    • Bozionelos, N., and Wang, L. (2007), 'An Investigation on the Attitudes of Chinese Workers towards Individually Based Performance-related Reward Systems,' International Journal of Human Resource Management, 18, 284-302.
    • (2007) International Journal of Human Resource Management , vol.18 , pp. 284-302
    • Bozionelos, N.1    Wang, L.2
  • 11
    • 0001020397 scopus 로고
    • Evaluation of self and others: Self-enhancement biases in social judgments
    • Brown, J.D. (1986), 'Evaluation of Self and Others: Self-enhancement Biases in Social Judgments,' Social Cognition, 4, 353-376.
    • (1986) Social Cognition , vol.4 , pp. 353-376
    • Brown, J.D.1
  • 12
    • 0742286717 scopus 로고    scopus 로고
    • Compensation policy and organizational policy: The efficiency, operational, and financial implications of pay level and pay structure
    • Brown, M.P., Sturman, M.C., and Simmering, M.J. (2003), 'Compensation Policy and Organizational Policy: The Efficiency, Operational, and Financial Implications of Pay Level and Pay Structure,' Academy of Management Journal, 46, 752-762.
    • (2003) Academy of Management Journal , vol.46 , pp. 752-762
    • Brown, M.P.1    Sturman, M.C.2    Simmering, M.J.3
  • 13
    • 34248574811 scopus 로고    scopus 로고
    • Sorting and incentive effects of pay for performance: An experimental investigation
    • Cadsby, C.B., Song, F., and Tapon, F. (2007), 'Sorting and Incentive Effects of Pay for Performance: An Experimental Investigation,' Academy of Management Journal, 50, 387-405.
    • (2007) Academy of Management Journal , vol.50 , pp. 387-405
    • Cadsby, C.B.1    Song, F.2    Tapon, F.3
  • 14
    • 0000444897 scopus 로고
    • An interplant test of the efficiency wage hypothesis
    • Cappelli, P., and Chauvin, K. (1991a), 'An Interplant Test of the Efficiency Wage Hypothesis,' The Quarterly Journal of Economics, 106, 769-787.
    • (1991) The Quarterly Journal of Economics , vol.106 , pp. 769-787
    • Cappelli, P.1    Chauvin, K.2
  • 16
    • 2342602999 scopus 로고    scopus 로고
    • The effects of top management team pay and firm internationalization on mnc performance
    • Carpenter, M.A., and Sanders, W.G. (2004), 'The Effects of Top Management Team Pay and Firm Internationalization on MNC Performance,' Journal of Management, 30, 509-528.
    • (2004) Journal of Management , vol.30 , pp. 509-528
    • Carpenter, M.A.1    Sanders, W.G.2
  • 17
    • 27744560916 scopus 로고    scopus 로고
    • A critical examination of hofstede's thesis and its application to international reward management
    • Chiang, F. (2005), 'A Critical Examination of Hofstede's Thesis and its Application to International Reward Management,' International Journal of Human Resource Management, 19, 1545-1563.
    • (2005) International Journal of Human Resource Management , vol.19 , pp. 1545-1563
    • Chiang, F.1
  • 18
    • 33745686649 scopus 로고    scopus 로고
    • Knowledge exchange and combination: The role of human resource practices in the performance of high-technology firms
    • Collins, C.J., and Smith, K.G. (2006), 'Knowledge Exchange and Combination: The Role of Human Resource Practices in the Performance of High-technology Firms,' Academy of Management Journal, 49, 544-560.
    • (2006) Academy of Management Journal , vol.49 , pp. 544-560
    • Collins, C.J.1    Smith, K.G.2
  • 19
    • 85043737515 scopus 로고    scopus 로고
    • Justice at the Millennium: A meta-analytic review of 25 years of organizational justice research
    • Colquitt, J.A., Conlon, D.E., Wesson, M.E., Porter, C.O., and Ng, K.Y. (2001), 'Justice at the Millennium: A Meta-analytic Review of 25 Years of Organizational Justice Research,' Journal of Applied Psychology, 86, 425-445.
    • (2001) Journal of Applied Psychology , vol.86 , pp. 425-445
    • Colquitt, J.A.1    Conlon, D.E.2    Wesson, M.E.3    Porter, C.O.4    Ng, K.Y.5
  • 20
    • 0039563001 scopus 로고    scopus 로고
    • Corporate tournaments and executive compensation: Evidence from the U.K
    • Conyon, M.J., Peck, S.I., and Sadler, G.V. (2001), 'Corporate Tournaments and Executive Compensation: Evidence from the U.K,' Strategic Management Journal, 22, 805-815.
    • (2001) Strategic Management Journal , vol.22 , pp. 805-815
    • Conyon, M.J.1    Peck, S.I.2    Sadler, G.V.3
  • 21
    • 84934452943 scopus 로고
    • Product quality and pay equity between lower-level employees and top management: An investigation of distributive justice theory
    • Cowhard, D.M., and Levine, D.I. (1992), 'Product Quality and Pay Equity between Lower-level Employees and Top Management: An Investigation of Distributive Justice Theory,' Administrative Science Quarterly, 37, 302-321.
    • (1992) Administrative Science Quarterly , vol.37 , pp. 302-321
    • Cowhard, D.M.1    Levine, D.I.2
  • 22
    • 14944359488 scopus 로고    scopus 로고
    • Human resource management and labor productivity: Does industry matter?
    • Datta, D.K., Guthrie, J.P., and Wright, P.M. (2005), 'Human Resource Management and Labor Productivity: Does Industry Matter?' Academy of Management Journal, 48, 135-145.
    • (2005) Academy of Management Journal , vol.48 , pp. 135-145
    • Datta, D.K.1    Guthrie, J.P.2    Wright, P.M.3
  • 24
    • 36348957812 scopus 로고    scopus 로고
    • Executive compensation: A multidisciplinary review and synthesis of recent developments
    • Devers, C.E., Cannella, A.A., Reilly, G.P., and Yoder, M.E. (2007), 'Executive Compensation: A Multidisciplinary Review and Synthesis of Recent Developments,' Journal of Management, 33, 1016-1072.
    • (2007) Journal of Management , vol.33 , pp. 1016-1072
    • Devers, C.E.1    Cannella, A.A.2    Reilly, G.P.3    Yoder, M.E.4
  • 25
    • 0032324975 scopus 로고    scopus 로고
    • Employee perceptions of the fairness of work incentive pay plans
    • Dulebohn, J.H., and Martocchio, J.J. (1998), 'Employee Perceptions of the Fairness of Work Incentive Pay Plans,' Journal of Management, 24, 469-488.
    • (1998) Journal of Management , vol.24 , pp. 469-488
    • Dulebohn, J.H.1    Martocchio, J.J.2
  • 26
    • 0000888467 scopus 로고
    • Ambiguity and self-evaluation: The role of idiosyncratic trait definitions in self-serving definitions of ability
    • Dunning, D., Meyerowitz, J.A., and Holzberg, A.D. (1989), 'Ambiguity and Self-evaluation: The Role of Idiosyncratic Trait Definitions in Self-serving Definitions of Ability,' Journal of Personality and Social Psychology, 57, 1082-1090.
    • (1989) Journal of Personality and Social Psychology , vol.57 , pp. 1082-1090
    • Dunning, D.1    Meyerowitz, J.A.2    Holzberg, A.D.3
  • 27
    • 0033448498 scopus 로고    scopus 로고
    • Executive compensation and tournament theory: Empirical tests on danish data
    • Eriksson, T. (1999), 'Executive Compensation and Tournament Theory: Empirical Tests on Danish Data,' Journal of Labor Economics, 17, 262-280.
    • (1999) Journal of Labor Economics , vol.17 , pp. 262-280
    • Eriksson, T.1
  • 29
    • 0000792862 scopus 로고
    • Effects of procedural and distributive justice on reactions to pay raise decisions
    • Folger, R., and Konovsky, M.A. (1989), 'Effects of Procedural and Distributive Justice on Reactions to Pay Raise Decisions,' Academy of Management Journal, 32, 115-130.
    • (1989) Academy of Management Journal , vol.32 , pp. 115-130
    • Folger, R.1    Konovsky, M.A.2
  • 30
    • 0001552582 scopus 로고
    • Organizational differences in managerial compensation and financial performance
    • Gerhart, B., and Milkovich, G.T. (1990), 'Organizational Differences in Managerial Compensation and Financial Performance,' Academy of Management Journal, 33, 663-691.
    • (1990) Academy of Management Journal , vol.33 , pp. 663-691
    • Gerhart, B.1    Milkovich, G.T.2
  • 32
    • 0034554106 scopus 로고    scopus 로고
    • Measurement error in research on human resources and firm performance: How much error is there and how does it influence effect size estimates?
    • Gerhart, B., Wright, P.M., McMahan, G.C., and Snell, S.A. (2000), 'Measurement Error in Research on Human Resources and Firm Performance: How Much Error is There and How Does it Influence Effect Size Estimates?' Personnel Psychology, 53, 803-834.
    • (2000) Personnel Psychology , vol.53 , pp. 803-834
    • Gerhart, B.1    Wright, P.M.2    McMahan, G.C.3    Snell, S.A.4
  • 33
    • 0035529302 scopus 로고    scopus 로고
    • Top management team coordination needs and the ceo pay gap: A competitive test of economic and behavioral views
    • Henderson, A.D., and Fredrickson, J.W. (2001), 'Top Management Team Coordination Needs and the CEO Pay Gap: A Competitive Test of Economic and Behavioral Views,' Academy of Management Journal, 44, 96-117.
    • (2001) Academy of Management Journal , vol.44 , pp. 96-117
    • Henderson, A.D.1    Fredrickson, J.W.2
  • 36
    • 22744441786 scopus 로고    scopus 로고
    • Pay inequality and firm performance: Evidence from matched employer-employee data
    • Heyman, F. (2005), 'Pay Inequality and Firm Performance: Evidence from Matched Employer-Employee Data,' Applied Economics, 37, 1313-1327.
    • (2005) Applied Economics , vol.37 , pp. 1313-1327
    • Heyman, F.1
  • 38
    • 68949181271 scopus 로고    scopus 로고
    • Contingencies in the effects of pay range on organizational effectiveness
    • Kepes, S., Delery, J.E., and Gupta, N. (2009), 'Contingencies in the Effects of Pay Range on Organizational Effectiveness,' Personnel Psychology, 62, 497-531.
    • (2009) Personnel Psychology , vol.62 , pp. 497-531
    • Kepes, S.1    Delery, J.E.2    Gupta, N.3
  • 40
  • 41
    • 8744231134 scopus 로고    scopus 로고
    • Intra-firm Wage dispersion and firm performance: Evidence from linked employer-employee data
    • Lallemand, T., Plasman, R., and Rycx, F. (2004), 'Intra-firm Wage Dispersion and Firm Performance: Evidence from Linked Employer-employee Data,' Kyklos, 57, 533-558.
    • (2004) Kyklos , vol.57 , pp. 533-558
    • Lallemand, T.1    Plasman, R.2    Rycx, F.3
  • 42
    • 0001093750 scopus 로고    scopus 로고
    • Performance pay and productivity
    • Lazear, E.P. (2000), 'Performance Pay and Productivity,' The American Economic Review, 90, 1346-1361.
    • (2000) The American Economic Review , vol.90 , pp. 1346-1361
    • Lazear, E.P.1
  • 43
    • 0000801040 scopus 로고
    • Rank-order tournaments as optimum labor contracts
    • Lazear, E.P., and Rosen, S. (1981), 'Rank-order Tournaments as Optimum Labor Contracts,' Journal of Political Economy, 89, 841-864.
    • (1981) Journal of Political Economy , vol.89 , pp. 841-864
    • Lazear, E.P.1    Rosen, S.2
  • 48
    • 0001378322 scopus 로고
    • Salary dispersion, location in the salary distribution, and turnover among college administrators
    • Pfeffer, J., and Davis-Blake, A. (1992), 'Salary Dispersion, Location in the Salary Distribution, and Turnover among College Administrators,' Industrial and Labor Relations Review, 45, 753-765.
    • (1992) Industrial and Labor Relations Review , vol.45 , pp. 753-765
    • Pfeffer, J.1    Davis-Blake, A.2
  • 49
    • 85050707246 scopus 로고
    • The effect of wage dispersion on satisfaction, productivity, and working collaboratively: Evidence from college and university faculty
    • Pfeffer, J., and Langton, N. (1993), 'The Effect of Wage Dispersion on Satisfaction, Productivity, and Working Collaboratively: Evidence from College and University Faculty,' Administrative Science Quarterly, 38, 382-407.
    • (1993) Administrative Science Quarterly , vol.38 , pp. 382-407
    • Pfeffer, J.1    Langton, N.2
  • 50
    • 0038132139 scopus 로고    scopus 로고
    • Globalization and transformation of human resource management in South Korea
    • Rowley, C., and Bae, J. (2002), 'Globalization and Transformation of Human Resource Management in South Korea,' International Journal of Human Resource Management, 13, 522-549.
    • (2002) International Journal of Human Resource Management , vol.13 , pp. 522-549
    • Rowley, C.1    Bae, J.2
  • 51
    • 2442593655 scopus 로고    scopus 로고
    • Towards an asian model of human resource management: A comparative analysis of China, Japan, and South Korea
    • Rowley, C., Benson, J., and Warner, M. (2004), 'Towards an Asian Model of Human Resource Management: A Comparative Analysis of China, Japan, and South Korea,' International Journal of Human Resource Management, 15, 917-933.
    • (2004) International Journal of Human Resource Management , vol.15 , pp. 917-933
    • Rowley, C.1    Benson, J.2    Warner, M.3
  • 52
    • 0036605199 scopus 로고    scopus 로고
    • Pay Dispersion and workforce performance: Moderating effects of incentives and interdependence
    • Shaw, J.D., Gupta, N., and Delery, J.E. (2002), 'Pay Dispersion and Workforce Performance: Moderating Effects of Incentives and Interdependence,' Strategic Management Journal, 23, 491-512.
    • (2002) Strategic Management Journal , vol.23 , pp. 491-512
    • Shaw, J.D.1    Gupta, N.2    Delery, J.E.3
  • 53
    • 22544442200 scopus 로고    scopus 로고
    • Pay disparities within top management groups: Evidence of harmful effects of performance on high-technology firms
    • Siegel, P.A., and Hambrick, D.C. (2005), 'Pay Disparities within Top Management Groups: Evidence of Harmful Effects of Performance on High-Technology Firms,' Organization Science, 16, 259-274.
    • (2005) Organization Science , vol.16 , pp. 259-274
    • Siegel, P.A.1    Hambrick, D.C.2
  • 55
    • 34548823475 scopus 로고    scopus 로고
    • An Empirical examination of the mechanisms mediating between high performance work systems and the performance of japanese organizations
    • Takeuchi, R., Lepak, D.P., Wang, H., and Takeuchi, K. (2007), 'An Empirical Examination of the Mechanisms Mediating between High Performance Work Systems and the Performance of Japanese Organizations,' Journal of Applied Psychology, 92, 1069-1083.
    • (2007) Journal of Applied Psychology , vol.92 , pp. 1069-1083
    • Takeuchi, R.1    Lepak, D.P.2    Wang, H.3    Takeuchi, K.4
  • 56
    • 0023968228 scopus 로고
    • Illusion and well-being: A social psychological perspective on mental health
    • Taylor, S.E., and Brown, J.D. (1988), 'Illusion and Well-being: A Social Psychological Perspective on Mental Health,' Psychological Bulletin, 103, 193-210.
    • (1988) Psychological Bulletin , vol.103 , pp. 193-210
    • Taylor, S.E.1    Brown, J.D.2
  • 57
    • 33749381142 scopus 로고    scopus 로고
    • A Contingent view of reactions to objective pay conditions: Interdependence among pay structure characteristics and pay relative to internal and external referents
    • Trevor, C.O., and Wazeter, D.L. (2006), 'A Contingent View of Reactions to Objective Pay Conditions: Interdependence among Pay Structure Characteristics and Pay Relative to Internal and External Referents,' Journal of Applied Psychology, 91, 7260-7275.
    • (2006) Journal of Applied Psychology , vol.91 , pp. 7260-7275
    • Trevor, C.O.1    Wazeter, D.L.2
  • 59
    • 84993723114 scopus 로고    scopus 로고
    • Influence of relative rewards of top managers on firm performance
    • Wright, P., Kroll, M., Lado, A., and Elenkov, D. (2005), 'Influence of Relative Rewards of Top Managers on Firm Performance,' Strategic Organizations, 3, 311-330.
    • (2005) Strategic Organizations , vol.3 , pp. 311-330
    • Wright, P.1    Kroll, M.2    Lado, A.3    Elenkov, D.4
  • 60
    • 0030305479 scopus 로고    scopus 로고
    • Human Resource Management, Manufacturing Strategy, and Firm Performance
    • Youndt, M.A., Snell, S.A., Dean, J.W., and Lepak, D.P. (1996), 'Human Resource Management, Manufacturing Strategy, and Firm Performance,' Academy of Management Journal, 39, 836-866.
    • (1996) Academy of Management Journal , vol.39 , pp. 836-866
    • Youndt, M.A.1    Snell, S.A.2    Dean, J.W.3    Lepak, D.P.4
  • 61
    • 34249663808 scopus 로고    scopus 로고
    • Human resource management with "asian" characteristics: A hybrid people-management system in east Asia
    • Zhu, J., Warner, M., and Rowley, C. (2007), 'Human Resource Management with "Asian" Characteristics: A Hybrid People-management System in East Asia,' International Journal of Human Resource Management, 18, 745-768.
    • (2007) International Journal of Human Resource Management , vol.18 , pp. 745-768
    • Zhu, J.1    Warner, M.2    Rowley, C.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.