Integrating Macro and Micro Perspectives on Profit-Sharing in China  

作　　者：Lynda Jiwen Song Jinyun Sun Byron Y. Lee Wei Si Haolan Li 

机构地区：[1]School of Business, Renmin Uniyersity of China, Beijing 100872, China [2]School of Management, Fudan University, Shanghai 200433, China [3]Faculty of Business, The Hong Kong Polytechnic University, Hong Kong, China

出　　处：《Frontiers of Business Research in China》2015年第3期420-442,共23页中国高等学校学术文摘·工商管理研究（英文版）

摘　　要：Despite considerable interest in the adoption of profit-sharing plans in small firms in China, there lacks a comprehensive theoretical framework to explore why these plans are adopted. Much of the literature on profit-sharing originates from a pure economic perspective based upon agency theory. However, when profit-sharing is adopted in small firms at the discretion of the CEO, often psychological mechanisms become an important factor. This paper provides an integrated theoretical framework combining the economic perspective with the psychological perspective to investigate the reason why CEOs in Chinese private firms choose to adopt profit sharing schemes. Specifically, we develop a model examining both internal and external factors specific to the individual and the firm. We then theorize whether the reasons for using the profit-sharing plans will ultimately lead to improved firm performance.Despite considerable interest in the adoption of profit-sharing plans in small firms in China, there lacks a comprehensive theoretical framework to explore why these plans are adopted. Much of the literature on profit-sharing originates from a pure economic perspective based upon agency theory. However, when profit-sharing is adopted in small firms at the discretion of the CEO, often psychological mechanisms become an important factor. This paper provides an integrated theoretical framework combining the economic perspective with the psychological perspective to investigate the reason why CEOs in Chinese private firms choose to adopt profit sharing schemes. Specifically, we develop a model examining both internal and external factors specific to the individual and the firm. We then theorize whether the reasons for using the profit-sharing plans will ultimately lead to improved firm performance.

关 键 词：profit-sharing plans COMPENSATION China 

分 类 号：F272.91[经济管理—企业管理] D922.1[经济管理—国民经济]