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Internal pay gaps, female executives, and corporate organizational resilience

Author

Listed:
  • Liu, Yanmei
  • Ji, Zhenhua

Abstract

This study examines internal pay gaps’ impact on organizational resilience using Chinese listed firms’ data (2005–2023). Key findings reveal: (1) Internal pay gaps significantly undermine organizational resilience, with more pronounced adverse effects observed in high-tech industries, firms with CEO/chair duality, and those with intensive overtime cultures; (2) Female executives mitigate this negative impact by enhancing pay equity and fostering collaborative dynamics; (3) Weak market competition (i.e., monopolistic conditions) exacerbates the detrimental influence of pay disparity on resilience.

Suggested Citation

  • Liu, Yanmei & Ji, Zhenhua, 2025. "Internal pay gaps, female executives, and corporate organizational resilience," Finance Research Letters, Elsevier, vol. 85(PE).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pe:s154461232501428x
    DOI: 10.1016/j.frl.2025.108173
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    Keywords

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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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