Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective

The fairness of compensation has been a prominent focus for non-family managers, and pay dispersion, which reflects compensation fairness, has attracted much attention from scholars. Based on social comparison theory, this study investigates the factors that affect the pay dispersion between CEO and...

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Detalles Bibliográficos
Autores principales: Zhang, Wei, Chen, Ling, Zhu, Jian-an
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Psychology
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8517182/
https://www.ncbi.nlm.nih.gov/pubmed/34659004
http://dx.doi.org/10.3389/fpsyg.2021.683011
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author Zhang, Wei
Chen, Ling
Zhu, Jian-an
author_facet Zhang, Wei
Chen, Ling
Zhu, Jian-an
author_sort Zhang, Wei
collection PubMed
description The fairness of compensation has been a prominent focus for non-family managers, and pay dispersion, which reflects compensation fairness, has attracted much attention from scholars. Based on social comparison theory, this study investigates the factors that affect the pay dispersion between CEO and non-family managers. In family firms, the role of CEO, which is central in corporate governance, can be filled by either a family or a non-family member. This study provides insights into how the identity of the CEO affects pay dispersion and investigates the moderating effects of CEO tenure and institutional environment. Using the data of Chinese listed family firms from 2009 to 2015, the results show that the presence of non-family CEOs could decrease the pay dispersion between CEO and non-family managers. Empirical evidence also supports that the negative relationship between CEO identity and pay dispersion weakens when CEO tenure increases and the institutional environment matures.
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spelling pubmed-85171822021-10-16 Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective Zhang, Wei Chen, Ling Zhu, Jian-an Front Psychol Psychology The fairness of compensation has been a prominent focus for non-family managers, and pay dispersion, which reflects compensation fairness, has attracted much attention from scholars. Based on social comparison theory, this study investigates the factors that affect the pay dispersion between CEO and non-family managers. In family firms, the role of CEO, which is central in corporate governance, can be filled by either a family or a non-family member. This study provides insights into how the identity of the CEO affects pay dispersion and investigates the moderating effects of CEO tenure and institutional environment. Using the data of Chinese listed family firms from 2009 to 2015, the results show that the presence of non-family CEOs could decrease the pay dispersion between CEO and non-family managers. Empirical evidence also supports that the negative relationship between CEO identity and pay dispersion weakens when CEO tenure increases and the institutional environment matures. Frontiers Media S.A. 2021-10-01 /pmc/articles/PMC8517182/ /pubmed/34659004 http://dx.doi.org/10.3389/fpsyg.2021.683011 Text en Copyright © 2021 Zhang, Chen and Zhu. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
Zhang, Wei
Chen, Ling
Zhu, Jian-an
Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective
title Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective
title_full Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective
title_fullStr Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective
title_full_unstemmed Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective
title_short Effects of CEO Identity on Non-family Managers’ Pay Dispersion in Family Firms: A Social Comparison Perspective
title_sort effects of ceo identity on non-family managers’ pay dispersion in family firms: a social comparison perspective
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8517182/
https://www.ncbi.nlm.nih.gov/pubmed/34659004
http://dx.doi.org/10.3389/fpsyg.2021.683011
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AT zhujianan effectsofceoidentityonnonfamilymanagerspaydispersioninfamilyfirmsasocialcomparisonperspective

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