Munich Personal RePEc Archive

CEO Compensation, Pay Inequality, and the Gender Diversity of Bank Board of Directors

Owen, Ann L. and Temesvary, Judit (2018): CEO Compensation, Pay Inequality, and the Gender Diversity of Bank Board of Directors.

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Abstract

Greater gender diversity on bank board of directors is associated with higher compensation inequality because CEOs at these banks have higher base salary. This effect disappears during the financial crisis, largely due to adjustment of non-salary compensation.

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