The effects of firm performance on CEO compensation and CEO pay ratio before and during COVID-19

被引：1
|
作者：
Ye, Ryan [1 ]
Chen, Yanan [2 ]
Kelly, Kyle A. [2 ]
机构：
[1] Conestoga High Sch, 200 Irish Rd, Berwyn, PA 19312 USA
[2] West Chester Univ, Dept Econ & Finance, 700 South High St, W Chester, PA 19383 USA
来源：
RESEARCH IN ECONOMICS | 2023年 / 77卷 / 04期
关键词：
CEO compensation; CEO pay ratio; Firm performance; COVID pandemic; EXECUTIVE-COMPENSATION;
D O I：
10.1016/j.rie.2023.07.002
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study analyzes the effects of firm performance on CEO compensation and CEO pay ratio (the ratio of CEO compensation and the median employee's salary) before and during the COVID-19 pandemic. Using a sample of 4410 observations from S & P 1500 firms from 2018 to 2021, we find that CEO compensation and CEO pay ratio increased during the COVID-19. Firm performance, measured by return on assets and log term of firm's sales, positively affect CEO compensation and CEO pay ratio. However, the effects are the same before and during the COVID-19 pandemic.
引用
收藏
页码：453 / 458
页数：6
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