Compensation and Span of Control in Hierarchical Organizations
发现层级组织中任何职位的薪酬比率都低于管理幅度，且管理者人力资本是层级间薪酬差异的重要决定因素，企业规模差异更多源于层级数量而非管理幅度。
This article presents evidence on the relationship between compensation ratios and spans of control within hierarchical organizations. We find that compensation ratios are lower than span of control at any position within the hierarchy, which is consistent with an elasticity of compensation to a number of subordinates lower than one. Managers' human capital endowments determine a significant part of the salary differences throughout hierarchical levels, as predicted by models of talent allocation in hierarchies. Differences in the size of firms should be attributed more to differences in their number of hierarchical levels than to variations in the span of control.