...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Journal of banking & finance >Social stigma and executive compensation
【24h】

Social stigma and executive compensation

机译：社会污名和高管薪酬

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

We document that executives working at firms perceived negatively in light of social norms, such as tobacco, gambling and alcohol, earn a significant compensation premium. The premium compensates for personal costs executives bear due to their employer's negative public perception and include: (i) a reduced likelihood these CEOs will serve as directors on other firms' boards, which associates with lower executives' social status, and (ii) impaired job mobility as employers shun stigmatized executives. The compensation premium is not explained by higher managerial skill required in firms we investigate, higher employment contract risk, political capital, litigation risk, or differences in corporate governance quality, and robust to endogeneity concerns. Our results highlight the significant impact job-related social stigma has on executive compensation. (C) 2018 Elsevier B.V. All rights reserved.
机译：我们记录到，在根据诸如烟草，赌博和酒精等社会规范而被负面评价的公司工作的高管获得了可观的薪酬溢价。溢价补偿了高管因其雇主对公众的负面看法而承担的个人成本，包括：（i）这些高管将担任其他公司董事会董事的可能性降低，从而降低了高管的社会地位，以及（ii）受损雇主回避被侮辱的高管，导致工作流动。补偿溢价不能通过我们调查的公司所需的更高管理技能，更高的雇佣合同风险，政治资本，诉讼风险或公司治理质量的差异以及对内生性问题的鲁棒性来解释。我们的结果强调了与工作相关的社会污名对高管薪酬的重大影响。 （C）2018 Elsevier B.V.保留所有权利。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号