Were CEO pay cuts during the COVID-19 pandemic merely symbolic? Shareholders' reaction and outrage

We examine whether CEO pay cut announcements during the COVID-19 pandemic are symbolic and made to appease various stakeholders. We find that firms announcing a CEO pay cut are more likely to announce news that has a negative impact on their stakeholders, suggesting that pay cut announcements were u...

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Detalles Bibliográficos
Autores principales: Bedford, Anna, Bugeja, Martin, Ghannam, Samir, Jeganathan, Davina, Ma, Nelson
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9993660/
http://dx.doi.org/10.1016/j.pacfin.2023.101993

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