The Impact of Compensation Gap on Corporate Innovation: Evidence from China’s Pharmaceutical Industry

Fu, Liping; Shan, Zhang; Wu, Frank F.

doi:10.3390/ijerph19031756

Cited by 6 publications

(8 citation statements)

References 55 publications

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“…Jakarta transportation for employees will increase employee innovation in providing maximum performance. This research supports previous research which states that there is an influence of compensation variables on employee innovation behavior (Fu et al, 2022;Aziz et al, 2022;Becuwe et al, 2020). Transjakarta employees assess that awards in the form of compensation influence employees to be able to continue creating new value for the company.…”

Section: Results and Dicussionsupporting

confidence: 91%

“…Compensation policies have the potential to foster creativity inside the organization. In order to preserve the innovative culture within the organization, employees who innovate may receive bonus (Fu et al, 2022;Aziz et al, 2022). Companies might take a tiny step by providing this support in the form of rewards to encourage creativity among their workforces.…”

Section: Introductionmentioning

confidence: 99%

“…Lastly is performance and talent management in the form of career planning, career development and training. Prior studies have indicated that inventive behavior is influenced by compensation(Fu et al, 2022;Aziz et al, 2022; Becuwe et al, 2020).…”

mentioning

confidence: 99%

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The Influence of Employee Training, Compensation and Employee Creativity on Innovative Behavior

Maulana,

Wijanarko

2023

JIMEA

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The existence of companies in the era of modernization really requires innovation to be able to compete. By using innovation, companies can provide better service to consumers and add value to the products they produce. PT. Jakarta Transportation has company values which encourage creativity summarized in the tagline "BISA". The respondents selected were 100 employees of PT Transportation Jakarta. There are 30 questions were distributed to respondents. The research results stated that training had no impact on innovative behavior. This is caused by inappropriate training methods. Apart from that, compensation and employee creativity have an impact on Transjakarta's innovative behavior

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Section: Results and Dicussionsupporting

confidence: 91%

Section: Introductionmentioning

confidence: 99%

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The Influence of Employee Training, Compensation and Employee Creativity on Innovative Behavior

Maulana,

Wijanarko

2023

JIMEA

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“…The findings of the study model are consistent with the literature ( Chen and Zhang, 2010 ; Huang, 2012 ; Chen et al, 2019 ; Fu et al, 2022 ). All these studies have proved the inverted U-shaped relationship between the compensation gap within the TMT and corporate performance.…”

Section: Discussionsupporting

confidence: 91%

A study on the relationship between compensation gap within the top management team and corporate performance: An empirical research based on the moderation effect of fairness preference

Wang

Chen²,

Zhou³

et al. 2022

Front. Psychol.

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This study explores the relationship between the compensation gap within the top management team (TMT) and corporate performance. We focus on how the fairness preference of the TMT moderates this relationship. The existing researches on the relationship between the compensation gap within the TMT and corporate performance are inconclusive. The reason may be that the traditional tournament theory is based on the hypothesis of self-interest preference of homo economicus. In the research, the fairness preference theory is added to the traditional tournament model, and a more realistic tournament model considering fairness preference is constructed. Based on the analysis of the theoretical model and the empirical regression analysis of the panel data of 733 non-financial A-share listed companies in Shanghai and Shenzhen stock markets from 2014 to 2020, we draw the following main conclusions: (1) There is an inverted U-shaped relationship between the TMT compensation gap and the corporate performance. Within the optimal compensation gap, there is a significant positive correlation. The larger the compensation gap, the better the corporate performance will be. When the optimal compensation gap is exceeded, there is a significant negative correlation. The larger the compensation gap, the worse the corporate performance will be. (2) The fairness preference of the TMT will weaken the correlation between the TMT compensation gap and corporate performance. Within the optimal compensation gap, the fairness preference will weaken the positive relationship between them, and when it exceeds the optimal compensation gap, the fairness preference will also weaken the negative relationship between them.

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“…In order to gain broader understanding of the underlying drivers of Chinese health sector development we had to look deeper into the past. Some temporary pitfalls and increasing in rural–urban inequalities in equity of access and affordability of medical care and pharmaceuticals did take place [ 78 ]. Yet despite these difficulties to generate balanced development strategy for the largest global market, we think that this is a clear path upwards.…”

Section: Discussionmentioning

confidence: 99%

Successes and challenges of China’s health care reform: a four-decade perspective spanning 1985—2023

Jakovljevic,

Chang,

Pan

et al. 2023

Cost Eff Resour Alloc

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Chinese health system remains the crucial one for understanding the wider healthcare landscape across the Global South and in particular the leading Emerging Markets. Purpose of our observation was to understand the inner dynamics of mainland Chinese health reforms adopting a lengthy time horizon. We have analysed the public reports and seminal evidence on Chinese of multiple waves of national health reforms taking place since 1980s in terms of medical care and pharmaceuticals provision and financing. Chinese international trade with ASEAN nations and wider South-East Asia is accelerating its growth after the recovery of trade routes. In terms of health sector this means that global demand and supply of medical goods, services and pharmaceuticals remains largely driven by Chinese domestic developments. Furthermore, Chinese domestic manufacturing and sales of decent quality medical devices and services have grown exponentially. Some temporary pitfalls and increasing in rural–urban inequalities in equity of access and affordability of medical care and pharmaceuticals did take place. Despite these difficulties to generate a balanced development strategy for the largest global market, this is a clear path upwards. Further upcoming improvements expanding health insurance coverage are in strong demand for certain layers of the society. Domestic bottleneck weaknesses yet remain manufacturing, import and market penetration of cutting-edge pharmaceuticals such as monoclonal antibodies and targeted oncology agents. Yet some of these obstacles are likely to be overcome in foreseeable future with the adoption of responsible strategies by governmental agencies in health care arena.

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The Impact of Compensation Gap on Corporate Innovation: Evidence from China’s Pharmaceutical Industry

Cited by 6 publications

References 55 publications

The Influence of Employee Training, Compensation and Employee Creativity on Innovative Behavior

The Influence of Employee Training, Compensation and Employee Creativity on Innovative Behavior

A study on the relationship between compensation gap within the top management team and corporate performance: An empirical research based on the moderation effect of fairness preference

Successes and challenges of China’s health care reform: a four-decade perspective spanning 1985—2023

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