Executive Compensation and Ethnic Minority Status
| Autor: | Paul M. Guest |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
African american
Organizational Behavior and Human Resource Management Labour economics Executive compensation Strategy and Management Compensation (psychology) 05 social sciences Ethnic group Stock options Restricted stock Management of Technology and Innovation 0502 economics and business Industrial relations Demographic economics Business Salary 050207 economics Minority status 050203 business & management |
| Popis: | We examine the compensation of ethnic minority executives in listed US firms. The total pay of African American executives is 9 percent lower than that earned by Caucasians. This is due to lower base salary, lower bonus, and lower restricted stock grants. The lower bonus is due to a lower sensitivity to above average firm performance. African Americans also earn significantly less on the exercise of stock options, increasing the pay gap to 17 percent for total ex-post pay. In contrast to African Americans, the compensation of Hispanic and Asian executives is comparable to Caucasians. |
| Databáze: | OpenAIRE |
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