Adoption and coverage of performance-related pay during institutional change: An integration of institutional and agency theories

Sung Choon Kang*, Yoshio Yanadori

*この研究の対応する著者

研究成果: Article査読

21 被引用数 (Scopus)

抄録

Whether or not to adopt and how extensively to use a newly legitimized practice are discrete decisions made by firms undergoing institutional change. The aim of this paper is to identify the distinct effects of economic, social, and political factors on the adoption of performance-related pay practices and their coverage (i.e. the proportion of employees covered by the practices) by integrating institutional and agency theories. An empirical analysis is performed with a unique sample of Korean firms that experienced the East Asian financial crisis of 1997. The results show that while performance-related pay adoption was influenced by economic and social factors, performance-related pay coverage was related to political factors as well as economic and social factors. This finding suggests that while firms adopt performance-related pay practices in search of legitimacy, they do not blindly imitate such practices but rather proactively adapt them based on economic efficiency considerations. This study makes valuable contributions to research on institutionalism and remuneration by empirically identifying the conditions under which a pay practice adopted for social legitimacy fits or fails to fit the economic needs of the adopters. 2011 The Authors. Journal of Management Studies

本文言語English
ページ(範囲)1837-1865
ページ数29
ジャーナルJournal of Management Studies
48
8
DOI
出版ステータスPublished - 2011 12
外部発表はい

ASJC Scopus subject areas

  • ビジネスおよび国際経営
  • 戦略と経営
  • 技術マネージメントおよび技術革新管理

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