University of Surrey

Test tubes in the lab Research in the ATI Dance Research

Executive Compensation and Ethnic Minority Status

Guest, Paul M. (2017) Executive Compensation and Ethnic Minority Status Industrial Relations: a journal of economy and society, 56 (3). pp. 427-458.

[img]
Preview
Text (licence)
SRI_deposit_agreement.pdf
Available under License : See the attached licence file.

Download (33kB) | Preview
[img]
Preview
Text
Appendix.pdf - Supplemental Material
Available under License : See the attached licence file.

Download (823kB) | Preview
[img]
Preview
Text
Manuscript 160229.pdf - Author's Original
Available under License : See the attached licence file.

Download (754kB) | Preview

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 : Guest, Paul M.
Date : 8 June 2017
DOI : 10.1111/irel.12181
Copyright Disclaimer : © 2017 Regents of the University of California This is the peer reviewed version of the following article: Guest, P. M. (2017), 'Executive Compensation and Ethnic Minority Status'. Ind Relat, 56: 427-458. doi:10.1111/irel.12181, which has been published in final form at https://doi.org/10.1111/irel.12181 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 : 08 Jun 2019 02:08
URI: http://epubs.surrey.ac.uk/id/eprint/810070

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year


Information about this web site

© The University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom.
+44 (0)1483 300800