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Is Board Gender Diversity a Driver of CEO Compensation?: Examining the Leadership Style of Institutional Women Directors
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Is Board Gender Diversity a Driver of CEO Compensation?: Examining the Leadership Style of Institutional Women Directors
| dc.contributor.author | Pucheta Martínez, María Consuelo | |
| dc.contributor.author | Bel Oms, Inmaculada | |
| dc.contributor.author | Olcina Semepre, Gustau | |
| dc.date.accessioned | 2019-05-03T10:05:55Z | |
| dc.date.available | 2019-05-03T10:05:55Z | |
| dc.date.issued | 2017 | |
| dc.identifier.citation | Pucheta Martínez, María Consuelo Bel Oms, Inmacualda Olcina Semepre, Gustau 2017 Is Board Gender Diversity a Driver of CEO Compensation?: Examining the Leadership Style of Institutional Women Directors Asian Women 33 4 55 80 | |
| dc.identifier.uri | http://hdl.handle.net/10550/70043 | |
| dc.description.abstract | In this investigation, we aim at examining the influence of institutional female directors on CEO compensation. Specifically, we investigate the impact of institutional female directors as a whole, differentiating by whether female directors have business ties with the firms' boards on which they sit (pressure-sensitive female directors) or do not have business links (pressure-resistant female directors). We hypothesize that there is a nonlinear association, specifically quadratic, between institutional, pressureresistant and pressure-sensitive female directors on boards, and CEO compensation. Our findings show that CEO compensation decreases with low levels of institutional female directors and pressure-resistant female directors on boards, but when their presence on boards increases beyond a certain threshold, CEO compensation also increases. We also find that CEO compensation is not affected by pressure-sensitive female directors on boards. These findings support the premise that institutional female directors on boards cannot be considered a homogeneous group, but play an important role in managerial monitoring and remuneration policies, thus affecting the corporate governance system. | |
| dc.language.iso | eng | |
| dc.relation.ispartof | Asian Women, 2017, vol. 33, num. 4, p. 55-80 | |
| dc.subject | Dones | |
| dc.title | Is Board Gender Diversity a Driver of CEO Compensation?: Examining the Leadership Style of Institutional Women Directors | |
| dc.type | journal article | es_ES |
| dc.date.updated | 2019-05-03T10:05:55Z | |
| dc.identifier.idgrec | 129534 | |
| dc.rights.accessRights | open access | es_ES |
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53 - Ciències Económiques [1844]