How New CEO Gender and the Board Composition Affect the Amount of First Pay

    Research output: Chapter in book/report/conference proceedingConference contributionpeer-review

    Abstract

    Despite the theoretical support for the idea that female leaders are undervalued than their male counterparts, empirical studies on gender gap in executive compensation have yielded mixed results. Knowing this, we suggest an alternative approach to investigate the phenomenon. Using data on the first pay of newly appointed CEOs, we show that new female CEOs tend to receive a significantly lesser amount of first pay than new male CEOs. Also, we find that an increasing proportion of outside directors in corporate boards reduces this tendency both by increasing the first pay of new female CEOs and by decreasing the first pay of new male CEOs. Contrary to our expectation, however, the proportion of female directors has no interaction effects between new CEO gender and the amount of first pay. Implications and future directions are discussed.
    Original languageEnglish
    Title of host publicationAcademy of Management Proceedings 2016
    EditorsSonia Taneja
    PublisherAcademy of Management
    DOIs
    Publication statusPublished - 1 Jan 2016
    Event76th Annual Meeting of the Academy of Management, AOM 2016: Making Organizations Meaningful - Anaheim, United States
    Duration: 5 Aug 20169 Aug 2016
    https://aom.org/events/annual-meeting/past-annual-meetings/2016-making-organizations-meaningful (Conference website)
    https://journals.aom.org/toc/amproc/2016/1 (Conference proceedings)
    http://my.aom.org/ProgramDocs/2016/pdf/AOM_2016_Annual_Meeting_Program.pdf

    Publication series

    NameAcademy of Management Proceedings
    Number1
    Volume2016
    ISSN (Print)0065-0668
    ISSN (Electronic)2151-6561

    Conference

    Conference76th Annual Meeting of the Academy of Management, AOM 2016
    Country/TerritoryUnited States
    CityAnaheim
    Period5/08/169/08/16
    Internet address

    Fingerprint

    Dive into the research topics of 'How New CEO Gender and the Board Composition Affect the Amount of First Pay'. Together they form a unique fingerprint.

    Cite this