薪酬差距是否越小越好——基于创新视角的经验证据  

Is It Better to Have Closer Pay Dispersion?Empirical Evidence from an Innovation Perspective

作　　者：刘亭立[1] 王婧怡 王妍[1] Liu Tingli;Wang Jingyi;Wang Yan(College of Economics and Management,Beijing University of Technology,Beijing 100124,China)

机构地区：[1]北京工业大学经济管理学院,北京100124

出　　处：《科技进步与对策》2024年第13期141-150,共10页Science & Technology Progress and Policy

基　　金：国家自然科学基金面上项目(71672007);国家社会科学基金面上项目(18BGL090);教育部人文社科项目(19YJC630129)。

摘　　要：在奋力实现共同富裕的背景下,如何有效发挥薪酬的激励效应,通过创新推动社会发展是重要而迫切的研究议题。以2008—2021年沪深A股上市公司为样本,从纵向和横向两个维度实证检验薪酬差距对创新动力的影响。结果发现:内部薪酬差距与企业创新动力存在显著倒U型关系;高管外部薪酬差距对创新具有正向促进效应,普通员工外部薪酬差距与创新动力具有倒U型关系;外部薪酬差距具有显著的创新动力动态效应。In the process of China's modernization,it is necessary to adhere to"innovation-driven development,comprehensively shaping new development advantages",and take into account the interests of all parties to achieve common prosperity.The core of innovation is the process of integrating human capital with corporate resources.Therefore,a reasonable and effective incentive mechanism is an important catalyst for innovation.Compared with other incentive methods,pay incentives have a more significant base effect.In recent years,one of the frontier issues in international academia has been the cross-study of labor economics and corporate finance,and the impact of executive pay incentives on innovation is an important topic.Some literature also focuses on the essential role of ordinary employees as stakeholders in innovation activities.However,there is still significant controversy about the impact of pay dispersion on innovation,and a consensus has not been reached.Due to the complexity of clearly attributing innovative achievements and the fact that pay dispersion has a direct effect,this paper constructs a comparative framework for pay dispersion that includes both executives and ordinary employees,and measures the pay dispersion at internal and external levels,i.e.,the average salary gap between executives and ordinary employees within the company,the gap between the average salary of executives and the industry,and the gap between the average salary of ordinary employees and the industry.The study uses data from A-share listed companies in Shanghai and Shenzhen from 2008 to 2021(excluding financial companies),and 27042 valid research samples are obtained mainly from the National Tai'an Database(CSMAR).Innovation drive reflects short-term innovation willingness,and the greater the innovation motivation,the greater the corresponding innovation investment.Then it establishes a model with innovative drive as the explained variable and pay dispersion as the explanatory variable to empirically test the impact of pay dispersi

关 键 词：薪酬差距 创新动力 激励效应 

分 类 号：F272.923[经济管理—企业管理]