Revisiting the Gender Gap in CEO Compensation: Replication and Extension of Hill, Upadhyay, and Beekun (2015)'s Work on CEO Gender Pay Gap

Strategic Management Journal, Forthcoming

30 Pages Posted: 18 Apr 2018  

Vishal Gupta

University of Mississippi - School of Business Administration

Sandra Mortal

University of Alabama - Culverhouse College of Commerce & Business Administration

Xiaohu Guo

University of Alabama

Date Written: March 27, 2018

Abstract

The increasing number of women chief executives motivates considerable interest in examining possible gender differences in CEO compensation. Recently, Hill, Upadhyay and Beekun (2015) reported that female CEOs receive greater compensation than male CEOs, which runs counter to common wisdom that the gender pay gap in the labor market favors men over women. With the goal of contributing to cumulative knowledge development in this area, we seek to reexamine Hill et al’s finding about gender differences in CEO compensation by extending the analyses further in time, using a larger sample of firms and more rigorous empirical analyses. Our findings, which are robust to different statistical procedures and econometric specifications, do not reveal reliable evidence for differences in compensation paid to male and female CEOs.

Keywords: CEO compensation, gender pay gap, replication, women, pay equity

JEL Classification: J16, J30, J70, J71, J81

Suggested Citation

Gupta, Vishal and Mortal, Sandra and Guo, Xiaohu, Revisiting the Gender Gap in CEO Compensation: Replication and Extension of Hill, Upadhyay, and Beekun (2015)'s Work on CEO Gender Pay Gap (March 27, 2018). Strategic Management Journal, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3154291

Vishal Gupta

University of Mississippi - School of Business Administration ( email )

PO Box 3986
Oxford, MS 38677
United States

Sandra Mortal (Contact Author)

University of Alabama - Culverhouse College of Commerce & Business Administration ( email )

Culverhouse College of Business
Tuscaloosa, AL 35487-0223
United States

Xiaohu Guo

University of Alabama ( email )

101 Paul W. Bryant Dr.
Box 870382
Tuscaloosa, AL 35487
United States

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