The Association Between Gender-Diverse Compensation Committees and CEO Compensation
We examine the association between gender-diverse compensation committees and CEO pay and find that CEO compensation levels are negatively associated with gender-diversity of the compensation committee, but not gender-diversity of the board. Furthermore, we find that excess CEO compensation is negat...
Auteurs: | ; ; |
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Type de support: | Électronique Article |
Langue: | Anglais |
Vérifier la disponibilité: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Publié: |
Springer Science + Business Media B. V
2016
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Dans: |
Journal of business ethics
Année: 2016, Volume: 139, Numéro: 2, Pages: 375-390 |
Sujets non-standardisés: | B
Compensation committee
B CEO compensation B Gender-diversity |
Accès en ligne: |
Accès probablement gratuit Volltext (JSTOR) Volltext (lizenzpflichtig) |
Résumé: | We examine the association between gender-diverse compensation committees and CEO pay and find that CEO compensation levels are negatively associated with gender-diversity of the compensation committee, but not gender-diversity of the board. Furthermore, we find that excess CEO compensation is negatively related to subsequent return on assets for firms with an all-male compensation committee but not for firms with a gender-diverse compensation committee. These results suggest that CEOs do receive some level of excess compensation which can be mitigated by having one or more females on the compensation committee. |
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ISSN: | 1573-0697 |
Contient: | Enthalten in: Journal of business ethics
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Persistent identifiers: | DOI: 10.1007/s10551-015-2660-y |