کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7413627 1481774 2018 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Research note: Investor perceptions of comparable-to-industry versus higher-than-industry pay ratio disclosures
ترجمه فارسی عنوان
یادداشت های تحقیق: ادراک سرمایه گذاران نسبت به بازده نسبت به صنعت نسبت به صنعت نسبت به صنعت بالاتر است
کلمات کلیدی
افشای غرامت مدیر عامل، نسبت کارآموزی به کارکنان، درک سرمایه گذاران،
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
چکیده انگلیسی
The usefulness of the CEO-to-employee pay ratio disclosure to investors is subject to significant debate. Our experiment examines participant responses to higher-than-industry and comparable-to-industry pay ratio disclosures in a company. A prior experiment by Kelly and Seow (2016) (hereafter KS) found that incrementally disclosing a higher-than-industry pay ratio on top of higher-than-industry CEO pay had indirect negative effects on the company's perceived investment potential, via negative perceptions about the fairness of the CEO pay and workplace climate. We find that the negative indirect effects of pay ratio disclosures on perceived investment potential in KS are replicable in our study, and for a less extreme comparable-to-industry pay ratio. We do not find evidence that the effects of incremental pay ratio disclosure on investor perceptions are stronger when the pay ratio is higher-than-industry than when it is comparable-to-industry. Our study suggests that the ability of pay ratio disclosures to impact investor perceptions extends across a range of pay ratios.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Management Accounting Research - Volume 38, March 2018, Pages 51-58
نویسندگان
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