CEO power and internal pay disparities within enterprises

Xiaoyi Li, Liping Shen and Yaofan Ling

International Review of Economics & Finance, 2025, vol. 100, issue C

Abstract: This study, based on data from Chinese listed companies from 2009 to 2022, delves into the impact of CEO power on internal pay disparities within enterprises. Empirical results show that increased CEO power exacerbates internal pay disparities within enterprises; the effect is more significant in private firms than in state-owned enterprises and more pronounced in high-tech firms than in non-high-tech ones. Additionally, the impact of CEO power on internal pay disparities within enterprises exhibits a threshold effect based on firm size.

Keywords: CEO power; Pay disparity; Threshold effect (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:100:y:2025:i:c:s1059056025002357

DOI: 10.1016/j.iref.2025.104072

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