The Association Between Gender-Diverse Compensation Committees and CEO Compensation

Bugeja, M; Matolcsy, Z; Spiropoulos, H

The Association Between Gender-Diverse Compensation Committees and CEO Compensation

Bugeja, M

Matolcsy, Z

Spiropoulos, H

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Publication Type:: Journal Article
Citation:: Journal of Business Ethics, 2016, 139 (2), pp. 375 - 390
Issue Date:: 2016-12-01

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Field	Value	Language
dc.contributor.author	Bugeja, M https://orcid.org/0000-0002-1941-5092	en_US
dc.contributor.author	Matolcsy, Z https://orcid.org/0000-0001-6566-5079	en_US
dc.contributor.author	Spiropoulos, H https://orcid.org/0000-0002-7748-6577	en_US
dc.date.issued	2016-12-01	en_US
dc.identifier.citation	Journal of Business Ethics, 2016, 139 (2), pp. 375 - 390	en_US
dc.identifier.issn	0167-4544	en_US
dc.identifier.uri	http://hdl.handle.net/10453/122363
dc.description.abstract	© 2015, Springer Science+Business Media Dordrecht. 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.	en_US
dc.relation.ispartof	Journal of Business Ethics	en_US
dc.relation.isbasedon	10.1007/s10551-015-2660-y	en_US
dc.subject.classification	Applied Ethics	en_US
dc.title	The Association Between Gender-Diverse Compensation Committees and CEO Compensation	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	139	en_US
utslib.for	1503 Business and Management	en_US
utslib.for	1505 Marketing	en_US
utslib.for	2201 Applied Ethics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	open_access
pubs.issue	2	en_US
pubs.publication-status	Published	en_US
pubs.volume	139	en_US

Abstract:

© 2015, Springer Science+Business Media Dordrecht. 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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http://hdl.handle.net/10453/122363