Investor reactions to company disclosure of high CEO pay and high CEO-to-employee pay ratio: An experimental investigation
There is significant debate about the usefulness of disclosing the CEO-to-median employee pay ratio, as required under Section 953(b) of the Dodd-Frank Act in the United States. Using an experiment, we find that disclosing higher-than-industry CEO pay (versus comparable-to-industry CEO pay) marginal...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2016
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| Online Access: | https://ink.library.smu.edu.sg/soa_research/1523 https://ink.library.smu.edu.sg/context/soa_research/article/2550/viewcontent/Investor_reactions_to_company_disclosure_of_high_CEO_pay_and_high_CEO_to_employee_pay_ratio.pdf |
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| Institution: | Singapore Management University |
| Language: | English |