The implications of inefficient markets for executive pay comparison: The case of China and Poland

Frontiers in Psychology

article

Yanqiu Liu¹  Hanmin Liu² 

[1] School of Business Administration, Southwestern University of Finance and Economics;School of Management, Jinan University

关键词: Corporate Governance;    Executive compensation;    Pay Comparison;    Comparative research;    Emerging market;   

DOI  :  10.3389/fpsyg.2022.888977

学科分类：社会科学、人文和艺术（综合）

来源: Frontiers

【 摘 要 】

Although there is a large volume of literature on executive compensation, few of these studies concentrate on executive pay comparisons, and research on the antecedents of executive pay compensation behavior has never been addressed. This paper fills this gap in executive compensation comparison literature by beginning with an executive compensation comparison, and then the elements that influence executive pay comparison behaviors are discussed. The findings of this study confirm that executive pay comparison behaviors exist in both China and Poland, and this confirmation was made using face-to-face questionnaires in both countries. In addition, the findings indicate that the influence factors are different. There is a significant relationship between executive compensation comparison and a dysfunctional agent market, herd mentality in China. And in Poland, there is a significant relationship between executive compensation comparison and ineffectiveness of government intervention, herd mentality. The implications of the study are also discussed.

【 授权许可】

CC BY