IDEAS home Printed from https://ideas.repec.org/h/eme/afeczz/s1569-373220160000019006.html
   My bibliography  Save this book chapter

A Gender Gap in Executive Cash Compensation in Thailand: A View of the Expectancy Theory

In: Global Corporate Governance

Author

Listed:
  • Kannikar Namwong
  • Tatre Jantarakolica
  • Thanomsak Suwannoi
  • Jutamas Wongkantarakorn

Abstract

This study investigates the relation of executive cash compensation and gender characteristics of senior executives of Thai listed companies using 1,660 firm-years observations from 2009 to 2013. The findings show that male executives earn more cash compensation than do their female counterparts and that compensation is higher for male CEOs whose educational qualifications were Master’s degree or above. Companies with a higher proportion of male executives and with better firm performance (measured by ROA, ROE, and Tobin’sq) pay higher cash compensation. The results conform with the Expectancy theory that male executives receive more compensation than do female executives because of their (expected) abilities to make higher returns to the firm’s assets. Other significant determinants are that older and larger firms pay more cash compensation to the executives (Life cycle theory) and that companies with a higher proportion of independent directors (Agency Theory) and higher ownership concentrations (Stewardship theory) offer less compensation.

Suggested Citation

  • Kannikar Namwong & Tatre Jantarakolica & Thanomsak Suwannoi & Jutamas Wongkantarakorn, 2017. "A Gender Gap in Executive Cash Compensation in Thailand: A View of the Expectancy Theory," Advances in Financial Economics, in: Global Corporate Governance, volume 19, pages 147-166, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:afeczz:s1569-373220160000019006
    DOI: 10.1108/S1569-373220160000019006
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/S1569-373220160000019006/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: no
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S1569-373220160000019006/full/epub?utm_source=repec&utm_medium=feed&utm_campaign=repec&title=10.1108/S1569-373220160000019006
    Download Restriction: no
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S1569-373220160000019006/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: no
    File URL: https://libkey.io/10.1108/S1569-373220160000019006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Gender gap; executive compensation; expectancy theory; Thailand; G3;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:afeczz:s1569-373220160000019006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.