Xu, Yue; Liu, Yunguo; Lobo, Gerald J. - In: China journal of accounting research : CJAR 9 (2016) 2, pp. 115-135
We examine the relationships with firm performance of the internal pay gap among individual members of the top management team (TMT) and the compensation level of TMT members relative to their industry peers. We find that pay gap is positively related to firm performance and that this positive...