Efectos de la dispersión retributiva en los resultados de las empresas cotizadas españolas: evidencia sobre el modelo del torneo

• Autores: Gregorio Sánchez Marín
• Localización: Investigaciones europeas de dirección y economía de la empresa, ISSN 1135-2523, Vol. 16, Nº 3, 2010, págs. 69-84
• Idioma: español
• DOI: 10.1016/s1135-2523(12)60035-5
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• Resumen

  • La literatura ha puesto en cuestión si realmente las grandes diferencias retributivas entre directivos están vinculadas con mejores resultados de la organización. En este trabajo, sobre la base de los argumentos de la teoría del torneo, se ha tratado de aportar nuevas evidencias en esta línea, utilizando para ello datos de las 120 empresas españolas que cotizan en Bolsa. Los resultados obtenidos, considerando la forma convexa en las relaciones dispersión-resultados de Brown et al. (2003) y las características del trabajo directivo - alto nivel jerárquico, interdependencia moderada y alta incertidumbre -, indican que existe una relación positiva, aunque moderada por ciertas variables, entre dispersión retributiva y resultados de la empresa.

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