The role of employee incentive pay in the competitiveness of family and non-family firms

Mirella Damiani (), Fabrizio Pompei and Andrea Ricci ()
Additional contact information
Mirella Damiani: University of Perugia
Andrea Ricci: National Institute for Public Policy Innovation, INAPP, Roma

Economia Politica: Journal of Analytical and Institutional Economics, 2019, vol. 36, issue 3, No 7, 805-839

Abstract: Abstract Insufficient attention has been paid to the different roles of wage incentives in the competitiveness of family and non-family firms. This paper addresses this issue and uses a sample of listed and non-listed Italian firms for 2007 and 2010 to show that family firms that adopt incentive wages obtain greater gains in competitiveness with respect to non-family firms. Unlike what occurs in non-family firms, the efficiency enhancing effect of incentive wages more than compensates for the premiums paid to employees and enables family firms to achieve significant gains in terms of competitiveness.

Keywords: Family firms; Performance-related pay; Labour productivity; Wages; Competitiveness (search for similar items in EconPapers)
JEL-codes: D24 G32 J33 (search for similar items in EconPapers)
Date: 2019
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Working Paper: The role of employee incentive pay in the competitiveness of family and non-family firms (2018)
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DOI: 10.1007/s40888-018-0135-1

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