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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.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.source	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.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