Buying success or redistributing payment: bidirectional causality in Korean Professional Baseball League

Jye Shyan Wang, Chih Fu Cheng, Wen Jhan Jane

研究成果: 雜誌貢獻期刊論文同行評審

摘要

Salary payments are important to us for understanding both the relationship and the causality between salary structures and team performance in labour market theory. Using salary data from the Korean Professional Baseball League (KPBL), this paper conducts Panel Granger tests to investigate the causality between pay and performance. Our empirical results show that the causality only runs from the dispersion of salary payment to team performance, but not vice versa. Moreover, the evidence also shows that total salary does not cause team performance, and vice versa. Therefore, payrolls cannot buy wins, and wins cannot bring payrolls in the KPBL.

原文英語
頁(從 - 到)247-260
頁數14
期刊Eurasian Business Review
4
發行號2
DOIs
出版狀態已發佈 - 2014 十二月 1
對外發佈Yes

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance (miscellaneous)

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