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 language | English |
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| Title of host publication | Academy of Management Proceedings 2016 |
| Editors | Sonia Taneja |
| Publisher | Academy of Management |
| DOIs | |
| Publication status | Published - 1 Jan 2016 |
| Event | 76th Annual Meeting of the Academy of Management, AOM 2016: Making Organizations Meaningful - Anaheim, United States Duration: 5 Aug 2016 → 9 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
| Name | Academy of Management Proceedings |
|---|---|
| Number | 1 |
| Volume | 2016 |
| ISSN (Print) | 0065-0668 |
| ISSN (Electronic) | 2151-6561 |
Conference
| Conference | 76th Annual Meeting of the Academy of Management, AOM 2016 |
|---|---|
| Country/Territory | United States |
| City | Anaheim |
| Period | 5/08/16 → 9/08/16 |
| Internet address |