Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187619 
Year of Publication: 
2014
Citation: 
[Journal:] China Journal of Accounting Research [ISSN:] 1755-3091 [Volume:] 7 [Issue:] 2 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2014 [Pages:] 81-100
Publisher: 
Elsevier, Amsterdam
Abstract: 
This paper examines the effects of board affiliation on the corporate pay gap. Using a sample of Chinese listed firms from 2005 to 2011, we find that boards with a greater presence of directors appointed by block shareholders have lower pay gaps. Furthermore, the governance effects of board affiliation with and without pay are distinguished. The empirical results show that board affiliation without pay is negatively related to the pay gap, while board affiliation with pay is positively related to the pay gap. Overall, the results shed light on how block shareholders affect their companies' pay gaps through board affiliation.
Subjects: 
Board affiliation
Pay gap
Agency problem
JEL: 
G34
J33
M12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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