Raising salary or redistributing it: A panel analysis of Major League Baseball
Using data in Major League Baseball (MLB), this article conducts Panel Granger Causality tests for teams' salary structures and corresponding performance. The results show that a reliable way to enhance performance is to compress salaries rather than to enlarge the payroll.
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- Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-38, July.
- Saumitra N. Bhaduri & S. Raja Sethu Durai, 2006. "Empirical relationship between the dividend and investment decision: do emerging market firms behave differently?," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 2(3), pages 155-158, May.
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