Employee stock ownership plans and within-firm income inequality: evidence from China
Peng Ning,
Lixiao Geng,
Liangding Jia
Abstract:Purpose
Drawing on bargaining power and the inequality aversion perspective, this study aims to probe employees’ influence on addressing income inequality between top executives and nonexecutive employees. Meanwhile, it examines the moderating role of employee-related factors and plan attributes.
Design/methodology/approach
This study uses a staggered difference-in-differences design with a propensity scoring match approach and verification of the parallel trend assumption to test the hypotheses.
Findings
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