Impact of employee compensation structure on company performance: Moderating effects of ownership concentration

Xia Liu, FangJingya Cheng, Ronghe Zhang and Zhuohang Li

Finance Research Letters, 2025, vol. 74, issue C

Abstract: This study uses Chinese listed companies from 2011 to 2022 as the sample. Empirical analysis explored the impact of employee compensation structure on company performance and the moderating effects of ownership concentration. Employee compensation was positively correlated with company performance. The impact of employee compensation on the performance of state-owned and private enterprises was heterogeneous. Ownership concentration moderated the relationship between employee compensation and company performance. When executive compensation and employees change positively and synchronously, company performance improves.

Keywords: Employee compensation; Equity concentration; Firm performance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612324017318

DOI: 10.1016/j.frl.2024.106702

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