Yu, Ellen Pei-yi and Luu, B.V. (2017) Pay dispersion, culture and bank performance. In: Ibeh, Kevin and Tolentino, Paz Estrella and Janne, Odile and Liu, Xiaming (eds.) Growth Frontiers in International Business. The Academy of International Business IV. Springer, pp. 257-286. ISBN 9783319488509.
This is the latest version of this item.
|
Text
book chapter Pay dispersion culture and bank performance.pdf - Author's Accepted Manuscript Download (1MB) | Preview |
Abstract
This chapter examines the impact of executive pay dispersion on firm performance and valuation in a global sample of banks. Controlling for cultural differences across countries, we test whether the equity fairness theory (favoring smaller pay dispersion) or tournament theory (arguing for greater pay dispersion) is a better description of the relationship between pay dispersion and performance. We find that the equity fairness theory prevails in most sub-groups of our sample, with the exception of Common Law developed country banks. We also find for our sample banks in Developed Countries that Individualism is positively associated with market valuation, while Uncertainty Avoidance has a negative effect.
Metadata
| Item Type: | Book Section |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Ellen Yu |
| Date Deposited: | 06 Apr 2017 17:10 |
| Last Modified: | 13 Jun 2025 10:52 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/16605 |
Available Versions of this Item
- Pay dispersion, culture and bank performance. (deposited 06 Apr 2017 17:10) [Currently Displayed]
Statistics
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
