Knowledge-intensive sectors and the role of collective performance-related pay
Damiani Mirella and
Fabrizio Pompei ()
MPRA Paper from University Library of Munich, Germany
The main contribution of this study is showing that the efficiency effects of collective performance-related pay (CPRP) are more pronounced in knowledge-intensive service sectors (KISs) than in other sectors. The hypothesis is that human resource practices such as CPRP are particularly useful for enhancing firm performance when innovation-supporting knowledge is distributed among multiple skill sets and employee creativity, knowledge creation and knowledge sharing are key success factors for the firm. Cross-sectional estimates obtained for a national sample of approximately 3,800 Italian firms confirm this prediction. These results are validated by adopting a treatment effect approach to solve the self-selection problem.
Keywords: Collective bargaining; performance-related pay; firm performance (search for similar items in EconPapers)
JEL-codes: D23 J33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-hrm, nep-ino, nep-knm and nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91302
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