COVID-19前和期间企业绩效对CEO薪酬和CEO薪酬比率的影响

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

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引用次数: 0

摘要

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。

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

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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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

期刊介绍： Established in 1947, Research in Economics is one of the oldest general-interest economics journals in the world and the main one among those based in Italy. The purpose of the journal is to select original theoretical and empirical articles that will have high impact on the debate in the social sciences; since 1947, it has published important research contributions on a wide range of topics. A summary of our editorial policy is this: the editors make a preliminary assessment of whether the results of a paper, if correct, are worth publishing. If so one of the associate editors reviews the paper: from the reviewer we expect to learn if the paper is understandable and coherent and - within reasonable bounds - the results are correct. We believe that long lags in publication and multiple demands for revision simply slow scientific progress. Our goal is to provide you a definitive answer within one month of submission. We give the editors one week to judge the overall contribution and if acceptable send your paper to an associate editor. We expect the associate editor to provide a more detailed evaluation within three weeks so that the editors can make a final decision before the month expires. In the (rare) case of a revision we allow four months and in the case of conditional acceptance we allow two months to submit the final version. In both cases we expect a cover letter explaining how you met the requirements. For conditional acceptance the editors will verify that the requirements were met. In the case of revision the original associate editor will do so. If the revision cannot be at least conditionally accepted it is rejected: there is no second revision.