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Internal pay gaps and human capital upgrading

delete2025-11-29
delete0
PRE
AI
Y
Yang Long *
李燕平 cover
李燕平 (Yanping Li)
X
Xiaotong Yu
S
Siqi Zou
DOI：10.1016/j.frl.2025.109146delete
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Abstract

Abstract

En 中文
• Internal pay gaps hinder human capital upgrading in Chinese firms. • Contrary to tournament theory, large gaps reduce skill development. • High turnover of skilled workers drives the negative effect. • R&D disinvestment further undermines human capital growth. • Equity-based pay supports sustained organizational capability.

Journal

Finance Research Letters cover
Finance Research Letters
IF:
6.9
Papers:
9.0K
Citations:
2.8W

Organization

No organization information available