On the relationship between compensation difference and voluntary turnover rate of core staff and enterprise performance of small and micro technology enterprises based on tournament theory

A. Liu, Wei Zhong, Rong Xiang, Silian Yi, Lu Pan

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Abstract

Small and micro technology enterprises are the most active and promising groups in scientific and technological innovation. The health and stability of these enterprises are critical to the steady and rapid development of the national economy. Based on the tournament theory and empirical analysis, this paper probes into the influence of compensation difference on the voluntary turnover of senior executives, examines how compensation difference affects the enterprise performance indirectly through the voluntary turnover of senior executives, and clarifies the functional relationship between the compensation difference among senior executives, the voluntary turnover rate of senior executives and enterprise performance. The findings not only offer empirical evidence for the influencing mechanism of how compensation difference affects the enterprise performance indirectly through the voluntary turnover of senior executives, but also provide important guidance for benign competition and healthy and stable development of small and micro technology enterprises.

Original languageEnglish
Pages (from-to)303-312
Number of pages10
JournalRevista Facultad de Ingenieria
Volume32
Issue number4
Publication statusPublished - 2017

Keywords

  • Compensation difference
  • Enterprise performance
  • Small and micro technology enterprises
  • Voluntary turnover rate of senior executives

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