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CEO Compensation, Pay Inequality, and the Gender Diversity of Bank Board of Directors

Author

Listed:
  • Owen, Ann L.
  • Temesvary, Judit

Abstract

Greater gender diversity on bank board of directors is associated with higher compensation inequality because CEOs at these banks have higher base salary. This effect disappears during the financial crisis, largely due to adjustment of non-salary compensation.

Suggested Citation

  • Owen, Ann L. & Temesvary, Judit, 2018. "CEO Compensation, Pay Inequality, and the Gender Diversity of Bank Board of Directors," MPRA Paper 87007, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:87007
    as

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    File URL: https://mpra.ub.uni-muenchen.de/87007/1/MPRA_paper_87007.pdf
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    References listed on IDEAS

    as
    1. Adams, Renée B. & Mehran, Hamid, 2012. "Bank board structure and performance: Evidence for large bank holding companies," Journal of Financial Intermediation, Elsevier, vol. 21(2), pages 243-267.
    2. Sander Hoogendoorn & Hessel Oosterbeek & Mirjam van Praag, 2013. "The Impact of Gender Diversity on the Performance of Business Teams: Evidence from a Field Experiment," Management Science, INFORMS, vol. 59(7), pages 1514-1528, July.
    3. repec:eee:jbfina:v:90:y:2018:i:c:p:50-63 is not listed on IDEAS
    4. Owen, Ann L. & Temesvary, Judit, 2018. "The performance effects of gender diversity on bank boards," Journal of Banking & Finance, Elsevier, vol. 90(C), pages 50-63.
    5. Rachel Croson & Uri Gneezy, 2009. "Gender Differences in Preferences," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 448-474, June.
    6. Faulkender, Michael & Yang, Jun, 2010. "Inside the black box: The role and composition of compensation peer groups," Journal of Financial Economics, Elsevier, vol. 96(2), pages 257-270, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    CEO compensation; gender diversity; board of directors;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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