CEO Gender and Downward Pay Rigidities as Rent-extractions

Kwon, Soonwon; Yang, Daecheon; Song, Jeongseok; Jung, Sung Hwan

doi:10.14431/aw.2017.12.33.4.1

Cited by 4 publications

(2 citation statements)

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“…One possible reason for the lack of full disclosure is that managers exert their power (managerial power theory) to conceal the details of their compensation plans to disguise opportunistic rent extraction. In line with that, (Kwon et al, 2017) explained that, according to the CEO power approach, CEOs could use their power to influence board remuneration policies. CEOs have a significant effect in determining their remuneration and tend to be opportunistic in exploiting higher compensation payments that benefit them (Hoi et al, 2019).…”

Section: Introductionmentioning

confidence: 88%

Board Independence, Nomination and Remuneration Committee, and Compensation in Indonesia

Alfarisa

Harymawan²

2021

Jurnal Akuntansi

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This article aims to examine the relationship between independent commissioners and nomination and remuneration committee (KNR) and their interaction with directors’ compensation using companies listed on the Indonesia Stock Exchange (BEI) and ordinary least square regression analysis technique. This study found that independent commissioners negatively associated with directors' compensation which showed that companies with a higher ratio of independent commissioners provide less directors' compensation due to optimal supervision of management’s opportunistic behavior. In contrast, KNR is positively associated with directors' compensation which means that companies with KNR provide greater compensation because, according to the "optimal contracting approach", the board is assumed to design compensation schemes to provide managers with efficient incentives to maximize shareholder value. Meanwhile, the interaction between the two variables is not associated with directors' compensation because of the negating effect which shows that companies with independent commissioners and KNR do not have a tendency for directors' compensation.

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Section: Introductionmentioning

confidence: 88%

Board Independence, Nomination and Remuneration Committee, and Compensation in Indonesia

Alfarisa

Harymawan²

2021

Jurnal Akuntansi

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“…The TMT characteristics are important factors that affect information disclosure and various corporate decisions in the line of CSR research (García‐Sánchez et al, 2020). First, the effect of executive gender diversity has gradually attracted attention (Ting et al, 2017), in particular the role of female executives in corporate decision‐making (Kwon et al, 2017). Therefore, we adopt gender as one of the TMT characteristics, where 1 denotes males and 0 – females, and calculate the TMT gender average.…”

Section: Methodsmentioning

confidence: 99%

Reporting on sustainable development: Configurational effects of top management team and corporate characteristics on environmental information disclosure

Wang

Zhang

Zeng

et al. 2022

Corp Soc Responsibility Env

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Although widely explored in many studies, how and why combined top management team (TMT) and corporate characteristics affect environmental information disclosures (EID) are still lacking clarity. This study uses both fuzzy‐set qualitative comparative analysis and necessary condition analysis to reconcile the inconclusive results concerning the configurational effects of these characteristics on EID and to validate the robustness. From a sample of listed construction engineering corporates during the 2014–2018 period, the high EID level is associated with several complex configurations that contain the core characteristics such as corporate ownership and size, whereas the low EID level is related to the configurations including TMT salary and corporate profitability. The findings support the four tenets of equifinality, asymmetry, complexity, and causal asymmetry in complexity theory. Our results capture the complex non‐linear effects of TMT and corporate characteristics and shed new light on environmental disclosure management for corporate sustainable development.

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Impact of minimum wage legislation on gender differentials in sticky wages: evidence from Korea

Cho

Yang

2021

Applied Economics Letters

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CEO Gender and Downward Pay Rigidities as Rent-extractions

Cited by 4 publications

References 0 publications

Board Independence, Nomination and Remuneration Committee, and Compensation in Indonesia

Board Independence, Nomination and Remuneration Committee, and Compensation in Indonesia

Reporting on sustainable development: Configurational effects of top management team and corporate characteristics on environmental information disclosure

Impact of minimum wage legislation on gender differentials in sticky wages: evidence from Korea

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