The effects of firm performance on CEO compensation and CEO pay ratio before and during COVID-19

IF 1.2 Q3 ECONOMICS

Research in Economics Pub Date : 2023-07-26 DOI:10.1016/j.rie.2023.07.002

Ryan Ye , Yanan Chen , Kyle A. Kelly

引用次数: 0

Abstract

This study analyzes the effects of firm performance on CEO compensation and CEO pay ratio (the ratio of CEO compensation and the median employee's salary) before and during the COVID-19 pandemic. Using a sample of 4410 observations from S&P 1500 firms from 2018 to 2021, we find that CEO compensation and CEO pay ratio increased during the COVID-19. Firm performance, measured by return on assets and log term of firm's sales, positively affect CEO compensation and CEO pay ratio. However, the effects are the same before and during the COVID-19 pandemic.

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COVID-19前和期间企业绩效对CEO薪酬和CEO薪酬比率的影响

本研究分析了COVID-19大流行之前和期间企业绩效对CEO薪酬和CEO薪酬比率(CEO薪酬与员工薪酬中位数的比率)的影响。利用2018年至2021年4410家标准普尔1500指数公司的观察样本，我们发现CEO薪酬和CEO薪酬比率在COVID-19期间有所上升。以资产收益率和企业销售对数为衡量标准的企业绩效对CEO薪酬和CEO薪酬比率有正向影响。然而，在COVID-19大流行之前和期间，其影响是相同的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

89 days

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