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This study extends the extant literature on executive pay dispersion by exploring the cultural-cognitive social determinants. We investigate how religious institutional environments, including Buddhism- and Confucianism-based institutions, shape vertical executive pay dispersion. We theorize that a Buddhism-based institutional environment is negatively related to vertical executive pay dispersion. In contrast, we propose competing hypotheses regarding how a Confucianism-based institutional environment affects vertical executive pay dispersion. With a sample of Chinese public firms, we find that both Buddhism- and Confucianism-based institutional environments are negatively associated with a firm's vertical executive pay dispersion. Supplementary analyses show that the aforementioned main effects are attenuated when a firm is embedded by a communist party branch and has a younger CEO.

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While top managers’ compensation skyrockets, typical American workers’ real wages have been stagnating for over three decades, thereby contributing to organizational income inequality. In an attempt to understand changes in organizational income inequality, I summarize changes in reward distributions within organizations and elaborate on the consequences of such changes on powerful managers, powerless employees, and their interactions.

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Religious Institutional Environment and Executive Pay Dispersion

9 - Changes in Organizational Income Inequality

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2 results

Religious Institutional Environment and Executive Pay Dispersion

9 - Changes in Organizational Income Inequality

Summary