Is there a gender gap in CEO compensation?

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dc.contributor.author Bugeja, M
dc.contributor.author Matolcsy, ZP
dc.contributor.author Spiropoulos, H
dc.date.accessioned 2012-10-12T03:35:02Z
dc.date.issued 2012-09
dc.identifier.citation Journal of Corporate Finance, 2012, 18 (4), pp. 849 - 859
dc.identifier.issn 0929-1199
dc.identifier.other C1 en_US
dc.identifier.uri http://hdl.handle.net/10453/18854
dc.description.abstract The gender pay gap generates significant political and social debate. This study contributes to this discussion by examining if a gender pay gap exists at the highest level of corporate management, the CEOs. While previous studies have documented a gender pay gap for most levels of executives the findings with respect to CEOs are conflicting. In this paper we focus only on CEO's as it is the most homogenous of executive roles and does not require us to assume that executives with similar titles undertake identical roles. Our evidence is based on 291 US firm-years for the period of 1998-2010. We do not find any association between CEO pay and gender using both the total sample and a sample matched using propensity scores to control for firm characteristics. These insignificant results hold for total pay, salary and bonuses, and for different matching procedures and econometric specifications. Our results therefore indicate that women who rise through the "glass ceiling" to the level of CEO are remunerated at similar levels to their male counterparts. © 2012 Elsevier B.V..
dc.language eng
dc.relation.hasversion Accepted manuscript version en_US
dc.relation.isbasedon 10.1016/j.jcorpfin.2012.06.008
dc.title Is there a gender gap in CEO compensation?
dc.type Journal Article
dc.description.version Published
dc.parent Journal of Corporate Finance
dc.journal.volume 4
dc.journal.volume 18
dc.journal.number 4 en_US
dc.publocation Netherlands en_US
dc.identifier.startpage 849 en_US
dc.identifier.endpage 859 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 1502 Banking, Finance and Investment
dc.personcode 820027
dc.personcode 104203
dc.personcode 106487
dc.percentage 100 en_US
dc.classification.name Banking, Finance and Investment en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords Compensation
dc.description.keywords Gender
pubs.embargo.period Not known
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/School of Accounting
pubs.organisational-group /University of Technology Sydney/Strength - Corporate Governance
utslib.copyright.status Open Access
utslib.copyright.date 2015-04-15 12:23:47.074767+10
pubs.consider-herdc true
utslib.collection.history General (ID: 2)
utslib.collection.history School of Accounting (ID: 328)


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