Pay dispersion and organizational innovation: The mediation effects of employee participation and voluntary turnover
基于社会比较理论，研究发现薪酬差距通过倒U型影响员工参与、正向影响自愿离职，进而间接影响企业创新，对理解经济不平等有启示。
Building on social comparison theory, we posit that a firm’s pay dispersion affects its innovation through employee participation and voluntary turnover. By analyzing data collected at both employee and organizational levels from 1419 firms, we found that pay dispersion had an inverted U-shaped effect on employee participation, which in turn enhanced innovation. Pay dispersion had a positive effect on voluntary turnover, which in turn impaired innovation. These findings contribute to research on economic inequity by revealing the mediation mechanisms of employee participation and voluntary turnover in the relationship between pay dispersion and organizational innovation.