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.
|Number of pages||10|
|Journal||Revista Facultad de Ingenieria|
|Publication status||Published - 2017|
- Compensation difference
- Enterprise performance
- Small and micro technology enterprises
- Voluntary turnover rate of senior executives