Internal Compensation Gap and the Sustainable Development Ability of Manufacturing Enterprises
—Based on the Moderator Variable of ESOP ()
ABSTRACT
The article uses A-share to list manufacturing
companies from 2015 to 2019 as a sample to examine the impact of the internal
salary gap between executives and employees on the company’s sustainable
development capabilities. The study found that there is an inverted U
relationship between manufacturing executive and employee salary gap ratio and
employee productivity and sustainable growth rate; ESOP can reduce the
inhibition of excessive internal compensation on employee productivity; the
detailed study found that ESOP design motivation can only improve from the
employee perspective, such as low employee
contribution ratio and wide employee participation range, excluding
related industries. The article expands the scope of research of the internal
compensation on the sustainable development ability of the manufacturing
enterprises and the adjustment effect of the ESOP, thus providing reference
value for the manufacturing enterprises to design and implement the ESOP.
Share and Cite:
Peng, Z. (2021) Internal Compensation Gap and the Sustainable Development Ability of Manufacturing Enterprises
—Based on the Moderator Variable of ESOP.
Open Journal of Business and Management,
9, 2917-2937. doi:
10.4236/ojbm.2021.96163.
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