Effect of CEO Age on Executive Compensation Gap: Evidence from Chinese Listed Manufacturing Companies
Abstract
Though upper echelons theory has predicted a close link between CEO characteristics and executive compensation, the effect of CEO age on executive compensation gap (ECG) has not been explored. The study investigates such a topic by taking the Chinese listed manufacturing listed companies over 2011-2013 as the research sample. Multiple regression analysis based on OLS with SPSS19.0 indicates that CEO age has a significantly positive effect on ECG, which does not change with the change of variable measures and empirical methods. The new findings is critical for enriching the upper echelons theory in the research field of the consequences of CEO age and the antecedents of ECG.
Keywords
CEO age, Executive compensation, Executive compensation gap (ECG), Listed companies, Upper echelons theory
DOI
10.12783/dtcse/ameit2017/12266
10.12783/dtcse/ameit2017/12266
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