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社会比较:高管团队薪酬差距和企业绩效 Introduction: Inrecentyears,thetopicofincomeinequalityhasbeengainingincreasingattentioninvarioussectorsofsociety.Oneoftheareaswherethisissuehasbeenmostprominentisthecorporateworld,wherehighexecutivepaypackageshavebeenasubjectofconsiderabledebate.Inparticular,thegapbetweenexecutivesalariesandthoseoftheiremployeeshascreatedasenseofunfairnessanddiscontentamongmanypeople,whoarguethatsuchimbalancesarenotonlyunjustbutalsoharmfultotheoverallperformanceofthecompany.Thisessaywillinvestigatetherelationshipbetweenhigh-levelexecutivecompensationandcompanyperformance,examiningtheevidenceforandagainsttheideathatthetwoarelinked. ExecutivePayandCompanyPerformance: Oneofthemostcommonargumentsinfavorofhighlevelsofexecutivepayisthattheyarenecessarytoattractandretaintalentedindividualswhocandrivethecompany'sgrowthandsuccess.Itisarguedthattopexecutivesbringuniqueskillsandknowledgetothetable,andareresponsibleformakingkeydecisionsthatcanbenefitthecompanyinthelongrun.Underthisview,highexecutivepayisseenasawaytoincentivizetheseindividualstostaywiththecompanyandexerttheirbesteffortstoachievesuccess. However,thereisagrowingbodyofevidencethatsuggeststhattheoppositemaybetrue:thatis,thathighexecutivepaycanactuallyharmcompanyperformanceratherthanhelpit.Onereasonforthisisthatexecutivesmayfocustoomuchonshort-termgainstomaximizetheircompensation,ratherthantakingalonger-termviewthatwouldbenefitthecompanyinthelongrun.Inaddition,highexecutivepaycancreateasenseofdemotivationandresentmentamongotheremployees,whomayfeelthattheircontributionsareundervaluedincomparison. Furthermore,theideathatexecutivepayisnecessarytoattractandretaintoptalenthasbeenchallengedbysomeexperts,whoarguethatthecorrelationbetweenhighpayandtopperformanceisnotasstrongasoftenclaimed.Insomecases,companiesthatpaytheirexecutiveslessthanmarketrateshaveactuallyperformedbetterthanthosethatpayhighsalaries. TheGrowingGapbetweenExecutiveandEmployeePay: Oneofthemoststrikingaspectsofthedebatearoundexecutivepayisthegrowinggapbet