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Executive Compensation and Ethnic Minority Status

Guest, P (2016) Executive Compensation and Ethnic Minority Status Industrial Relations: a journal of economy and society.

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Abstract

We examine the compensation of ethnic minority executives in listed US firms. The total pay of African American executives is 9 percent lower than that earned by Caucasians. This is due to lower base salary, lower bonus, and lower restricted stock grants. The lower bonus is due to a lower sensitivity to above average firm performance. African Americans also earn significantly less on the exercise of stock options, increasing the pay gap to 17 percent for total ex-post pay. In contrast to African Americans, the compensation of Hispanic and Asian executives is comparable to Caucasians.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
AuthorsEmailORCID
Guest, PUNSPECIFIEDUNSPECIFIED
Date : 1 December 2016
Additional Information : This is the peer reviewed version of the following article: Executive Compensation and Ethnic Minority Status which will be published in final form at http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1468-232X. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Depositing User : Symplectic Elements
Date Deposited : 17 Mar 2016 12:04
Last Modified : 17 Mar 2016 12:04
URI: http://epubs.surrey.ac.uk/id/eprint/810070

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