Ellahie, A, Tahoun, A and Tuna, I (2017) Do common inherited beliefs and values influence CEO pay? Journal of Accounting and Economics, 64 (2-3). pp. 346-367. ISSN 0165-4101
Abstract
We use the ethnicity of CEOs across 31 countries as a proxy for their common inherited beliefs and values and find an ethnicity effect in CEO compensation. We find that the ethnicity effect in variable pay is not driven by the ethnicity effects in corporate policy decisions, and that changes in CEO compensation are significantly larger when CEOs are replaced with a person from a different ethnicity. Our estimated ethnicity effect capture the future time reference and religion of CEOs' ancestors. Finally, we find an ethnicity effect in performance-firing sensitivities (i.e., the sensitivity to being fired due to poor performance).
More Details
Item Type: | Article |
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Subject Areas: | Accounting |
Additional Information: |
© 2017 Elsevier |
Funder Name: | European Research Council |
Date Deposited: | 13 Oct 2017 09:04 |
Date of first compliant deposit: | 13 Oct 2017 |
Subjects: |
Ethnic minorities Compensatory employment |
Last Modified: | 04 Nov 2024 01:43 |
URI: | https://lbsresearch.london.edu/id/eprint/891 |