The Gender Pay Gap in the board of directors: An analysis with homogeneous groups of directors and compensation
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Universidad de La Rioja
info
Verlag: European Academic Publisher
ISBN: 978-84-09-31301-3
Datum der Publikation: 2021
Seiten: 110
Kongress: XXXV AEDEM Annual Meeting. Digitalización de las organizaciones: ventaja competitiva o adaptación forzosa. Logroño | 3 y 4 de junio de 2021
Art: Konferenz-Beitrag
Zusammenfassung
This study contributes to expand our knowledge about thegender pay gap in the board of directors. Specifically, it covers a gapin the study of gender pay gap, analysing homogeneous groups ofindividuals and compensation. We examined the compensation ofdirectors of Spanish listed companies during the period 2013–2018.The results reveal that the gender pay gap exists at executivedirector-level for fixed, variable and total compensation. However,the gap is non-existent for proprietary and independent directors forany type of compensation. Moreover, female executive directors areless likely to receive variable compensation than their malecounterparts. Finally, when matching male and female directors withsimilar individual and firm characteristics, the results confirm theabove and highlight that male executive directors receive three timesmore remuneration. The results may be useful for, among others,lawmakers, who should enact laws or regulations to eliminate thegender pay gap.