Executive social connections and gender pay gaps

Javakhadze, David; Shelton, Austin

doi:10.1016/j.jcorpfin.2022.102169

Cited by 8 publications

(3 citation statements)

References 44 publications

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“…They suggest that choosing to provide voluntary disclosure of an ESG is not always associated with better ESG performance. Other research found that firms with better gender pay gaps are more likely to have worse social scores in Asset 4, which relies heavily on voluntary disclosure (Javakhadze, & Shelton, 2022;Chen et al, 2022). They find essentially no relationship between company sustainability, social scores, and the gender pay gap.…”

Section: Esg Performance As a Determinant Of The Esg Disclosurementioning

confidence: 99%

The relationship between corporate governance and environmental social governance disclosure: a case of Euro-Asian firms

2023

Central European Management Journal

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Despite the clear commitment of major companies around the world to the ESG disclosure, this study aims to explore this gap by examining the extent to which listed companies have reported on the ESG Disclosure since the approval. This paper aims to explore whether some internal and external factors affect the environmental, social and governance disclosure. It also reveals how companies that publish non-financial reports are increasingly publishing ESG Disclosure. The methodology proposed will draw on the multidimensional scaling as a multivariate assessment tool to evaluate and prioritize the effect of corporate governance on the environmental, social and governance disclosure. This paper uses a cross-country sample of 455 listed firms located in forty countries over the period 2010-2018. Interestingly, the results that have been found highlight the importance of the effect of the Global Compact membership, the adoption the GRI Standards, the higher level of independence of audit committee; the ESG Performance and the CSR strategy improve the ESG disclosure. This study adds to the existing body of accounting knowledge in several dimensions. Indeed, this is one of the little studies that investigate in the effect of corporate governance on the environmental, social and governance disclosure of Euro-Asian firms

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Section: Esg Performance As a Determinant Of The Esg Disclosurementioning

confidence: 99%

The relationship between corporate governance and environmental social governance disclosure: a case of Euro-Asian firms

2023

Central European Management Journal

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“…Female CEOs have more social connections than their male counterparts. Nevertheless, they earn less, with social networks increasing the pay of male CEOs to a greater extent than female CEOs, indicating a social capital-based gender pay gap (Javakhadze and Shelton, 2022). According to some studies, women on boards demand additional knowledge about risk, security markets, corporate governance, environmental implications and corporate social responsibilities programs.…”

Section: Empirical Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The role of female executives in capital structure decisions: evidence from a Southeast Asian country

Siregar,

Suherman,

Mahfirah

et al. 2023

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Purpose This study aims to investigate how the presence of female executives on the board affects a company’s capital structure decisions. The critical mass of female executives on the board was also considered to observe their impact on capital structure. Design/methodology/approach Samples were taken from nonfinancial sector companies listed on the Indonesia Stock Exchange between 2012 and 2021 (3,707 firm-year observations). Capital structure was measured using four approaches, namely, debt-to-total asset ratio (DAR), debt-to-equity ratio (DER), short-term debt-to-total assets (STD) and long-term debt-to-total assets (LTD). The data were analyzed using panel data regression analysis, including a fixed effects model with clustered standard errors. Findings The presence of female executives on the board is significantly negatively related to capital structure as measured by DER and STD. The critical mass of women provided no evidence of a relationship with a firm’s capital structure. Robustness checks were performed, and the results were consistent with those in the main analysis. Research limitations/implications Female executives can be appointed to management boards when determining a strategy to achieve the capital structure desired by a company. Originality/value This study increases the diversity of research in corporate governance by synthesizing various indicators from female executives into a single study to determine their relationships with companies’ capital structures. In addition, this study stands out by incorporating four distinct indicators for assessing capital structure and diverging from the norm observed in many other studies, many of which rely on just two indicators: DAR and DER. Moreover, it strongly emphasizes the unique economic, legal, social and cultural landscapes of developing countries like Indonesia in comparison to their developed counterparts, particularly Western nations.

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“…The size of the pay gap between executives will inevitably affect the behavior of executives. The most common way for executives to reallocate corporate resources is insider trading, which will certainly have a significant impact on the capital allocation efficiency of enterprises [4][5].…”

Section: Introductionmentioning

confidence: 99%

An Analysis of the Impact of Insider Trading on Executive Compensation in Listed Companies Based on VAR Modeling

Jin

2023

Applied Mathematics and Nonlinear Sciences

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In this paper, we first establish a VAR model, screen the variables using the CSIS method so as to achieve fast dimensionality reduction, and use the cointegration theory to model non-stationary time variables to determine the pseudo-regression analysis between variables. Impulse response functions and variance decomposition are then used to analyze the dynamic effects of changes in random disturbance terms on the whole system and other variables. Finally, the effects of insider trading on executive compensation are explored using corporate performance and market-based executive pay entitlement as references, respectively. The results show that the regression coefficients of executive compensation level and cumulative excess turnover rate of the event announcement period are 0.805 and 0.018 for corporate performance and market-based compensation, respectively, and the higher the level of executive compensation based on corporate performance and market-based compensation, the lower the impact of insider trading on executive compensation. Equity incentives reduce the impact of insider trading on executive compensation, and the regression coefficient of excess turnover on executive compensation is less than 0 in firms with shareholding levels higher than 10%.

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Executive social connections and gender pay gaps

Cited by 8 publications

References 44 publications

The relationship between corporate governance and environmental social governance disclosure: a case of Euro-Asian firms

The relationship between corporate governance and environmental social governance disclosure: a case of Euro-Asian firms

The role of female executives in capital structure decisions: evidence from a Southeast Asian country

An Analysis of the Impact of Insider Trading on Executive Compensation in Listed Companies Based on VAR Modeling

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