Board affiliation and pay gap

被引：11

作者：

Chen, Shenglan ^{[1
]}

Ma, Hui ^{[1
]}

Bu, Danlu ^{[2
]}

机构：

[1] Inner Mongolia Univ, Sch Econ & Management, Dept Accounting, Hohhot, Peoples R China

[2] Southwestern Univ Finance & Econ, Dept Accounting, Chengdu, Sichuan, Peoples R China

来源：

CHINA JOURNAL OF ACCOUNTING RESEARCH | 2014年 / 7卷 / 02期

关键词：

Board affiliation; Pay gap; Agency problem;

D O I：

10.1016/j.cjar.2014.03.001

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines the effects of board affiliation on the corporate pay gap. Using a sample of Chinese listed firms from 2005 to 2011, we find that boards with a greater presence of directors appointed by block shareholders have lower pay gaps. Furthermore, the governance effects of board affiliation with and without pay are distinguished. The empirical results show that board affiliation without pay is negatively related to the pay gap, while board affiliation with pay is positively related to the pay gap. Overall, the results shed light on how block shareholders affect their companies' pay gaps through board affiliation. (C) 2014 Production and hosting by Elsevier B.V. on behalf of China Journal of Accounting Research. Founded by Sun Yat-sen University and City University of Hong Kong.

引用

页码：81 / 100

页数：20

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