International Differences in the CEO Gender Pay Gap

Chen, Xiaoqi; Torsin, Wouter; Tsang, Albert

doi:10.1111/corg.12421

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International Differences in the CEO Gender Pay Gap

Chen, Xiaoqi; Torsin, Wouter; Tsang, Albert

2022 • In Corporate Governance: An International Review, 30 (5), p. 516-541

Peer reviewed

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https://hdl.handle.net/2268/266028

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10.1111/corg.12421

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Keywords :

CEO compensation; Gender pay gap; International differences

Abstract :

[en] Using executive compensation data from 27 countries over the 2001–2016 period, this study documents a 3.3% average difference in the level of executive compensation between male and female CEOs in countries around the world. The results further indicate that firms that transition from a male to a female CEO tend to have a significantly lower level of compensation. These results are robust when controlling for an array of key CEO attributes including education, age, and work experience and when US firms are excluded from the sample. Our findings also suggest that attitudes related to gender equality across countries can be an important factor explaining the CEO gender pay gap observed in our study.

Disciplines :

Finance

Author, co-author :

Chen, Xiaoqi; Xiamen University

Torsin, Wouter ; Université de Liège - ULiège > HEC Liège : UER > UER Finance et Droit : Financial Reporting and Audit

Tsang, Albert; Hong Kong Polytechnic Universtiy

Language :

English

Title :

International Differences in the CEO Gender Pay Gap

Publication date :

2022

Journal title :

Corporate Governance: An International Review

ISSN :

0964-8410

eISSN :

1467-8683

Publisher :

Blackwell, Oxford, United Kingdom

Volume :

Issue :

Pages :

516-541

Peer reviewed :

Peer reviewed

Available on ORBi :

since 14 December 2021

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169 (12 by ULiège)

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6 (6 by ULiège)

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