Internal Versus Market Pay References in Knowledge-Intensive Firms

The authors thank Peter Cappelli and our anonymous data provider as well as audiences at the Wharton Work in Progress session, the Stanford Organizational Behavior Seminar Series, the Minnesota Strategy Seminar Series, the Cornell Strategy Seminar Series, the Tel Aviv University Management Seminar Series, the Insper Strategy Seminar Series, the University of Toronto Rotman Strategy Seminar Series, the Manchester Seminar Series, the Utah Stakeholder Conference, the Empirical Management Conference, the Academy of Management, the Strategic Management Society Annual Conference, the Wharton People and Organizations Conference, the Lausanne Management and Economics Workshop, the National Bureau of Economic Research Organization Economics Spring Meeting, the Wharton Corporate Strategy and Innovation Conference, and the Strategy Science Annual Conference.