教授
Xi’an University of Technology
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Speech Title: How Female executives’ Participation Degree Affects Executive Compensation Arrangements Abstract: This report examines how female executives’ participation degree (FEPD) directly affects various dimensions of executive compensation, including Executive Compensation Level (ECL), Executive Compensation Gap (ECG), Executive-Employee Compensation Gap (EECG), Executive Compensation-Performance Sensitivity (ECPS), Executive Compensation-Social Responsibility Link (ECSRL), Executive Compensation’s Innovation Orientation Degree (ECIOD), Excessive Executive Compensation (EEC), Equity-Based Executive Compensation(EBEC). Several interesting findings have been reached. (1) On the whole, FEED increases ECL weakly but significantly. Moreover, FEED is positively linked with the adoption of Market-Leading Compensation Strategy, negatively linked with the adoption of Market-Lagged Compensation Strategy, and independent of the appearance of Market-Following Compensation Strategy. Inconsistent with this conclusion, female CFO is negatively related to lower ECL. (2) FEED intends to lower ECG and widen EECG. (3) On the whole, FEED increases ECPS of high-risk companies and decreases ECPS of low-risk companies. Moreover, FEED is positively linked with the adoption possibility of Moderately Flexible Compensation Strategy, and negatively linked with the adoption possibility of Highly Flexible Compensation Strategy. (4) FEED favors higher ECSRL, while female CFO shows negative attitudes towards ECSRL. (5) FEED holds positive attitudes towards ECIOD in high-tech firms of Gem, while shows negative effects on ECIOD in listed firms of Main Board. (6) Contrary to the original theoretical expectation, FEED is positively related to EEC. (7) FEED improves the adoption possibility of EBEC, though weakly but significantly. This keynote speech is a collection of phased achievements of a research project supported by National Social Science Foundation titled "A Comprehensive Investigation on Compensation Correction Effect of Female Executives’ Participation Degree and Its Performance Consequences (20BGL147)".
