An Exploratory Study on The Relationship Between CEO power and CEO-worker pay ratio: A Multi-dimensional Perspective
Changzheng Zhang, Yuefan Lv, Yue You
Available Online February 2016.
- https://doi.org/10.2991/emcm-15.2016.55How to use a DOI?
- CEO power; CEO-worker pay ratio (CWPR); Multi-dimensional Perspective
- In recent years, too large CEO-worker pay ratio (CWPR) has been increasingly questioned, especially it is true in China. With the steady improvement of the corporate governance mechanism, practically the government departments have issued a serious of remuneration control policies, and theoretically the research on the CEO power and CWPR has drawn widespread attention from the academic circles. However, the past literature mainly focused on either the industry-level or firm-level indicators of CEO power, while ignoring the multiple-dimensional nature of CEO power. Based on the review of the existing literature, this paper decomposes the concept of CEO power into four different dimensions, respectively CEO power derived from industry features (CPIF), CEO power derived from legitimate positions (CPLP), CEO power derived from operable resources (CPOR), CEO power derived from share ownership (CPSO), and further discusses the effect of each dimension on the formation of CWPR respectively from the multi-dimensional perspective. The greatest contribution of this paper is to find that effects of different dimensions of CEO power on CWPR have distinct intensities, because of different motives.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Changzheng Zhang AU - Yuefan Lv AU - Yue You PY - 2016/02 DA - 2016/02 TI - An Exploratory Study on The Relationship Between CEO power and CEO-worker pay ratio: A Multi-dimensional Perspective BT - International Conference on Electronics, Mechanics, Culture and Medicine PB - Atlantis Press SP - 295 EP - 299 SN - 2352-538X UR - https://doi.org/10.2991/emcm-15.2016.55 DO - https://doi.org/10.2991/emcm-15.2016.55 ID - Zhang2016/02 ER -