CEO power and internal pay disparities within enterprises

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-03-29 DOI:10.1016/j.iref.2025.104072

Xiaoyi Li , Liping Shen , Yaofan Ling

引用次数: 0

Abstract

This study, based on data from Chinese listed companies from 2009 to 2022, delves into the impact of CEO power on internal pay disparities within enterprises. Empirical results show that increased CEO power exacerbates internal pay disparities within enterprises; the effect is more significant in private firms than in state-owned enterprises and more pronounced in high-tech firms than in non-high-tech ones. Additionally, the impact of CEO power on internal pay disparities within enterprises exhibits a threshold effect based on firm size.

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.