External pay gap of R&D personnel and total factor productivity of enterprises

Lingling Chen and Chaolin Zhang

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: This study examines the relationship between the external pay gap of research and development (R&D) personnel and the total factor productivity (TFP) of enterprises. The results show that the external pay gap of R&D personnel significantly improves the enterprises' TFP, while innovation output, innovation efficiency, and human capital quality play mediating roles in the effect. Furthermore, we find that the promotion effect of the external pay gap of R&D personnel is more significant in non-state-owned firms, firms in industries with high competition, and firms in regions with high economic development. In addition, the internal pay gap has a moderating effect on the effect.

Keywords: R&D personnel incentive; External pay gap; The total factor productivity of enterprises (search for similar items in EconPapers)
JEL-codes: D24 O32 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324000898
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324000898

DOI: 10.1016/j.frl.2024.105059

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().