Social stigma and executive compensation
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F18%3A10380391" target="_blank" >RIV/00216208:11230/18:10380391 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.jbankfin.2018.09.003" target="_blank" >https://doi.org/10.1016/j.jbankfin.2018.09.003</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jbankfin.2018.09.003" target="_blank" >10.1016/j.jbankfin.2018.09.003</a>
Alternative languages
Result language
angličtina
Original language name
Social stigma and executive compensation
Original language description
We document that executives working at firms perceived negatively in light of social norms, such as tobacco, gambling and alcohol, earn a significant compensation premium. The premium compensates for personal costs executives bear due to their employer's negative public perception and include: (i) a reduced likelihood these CEOs will serve as directors on other firms' boards, which associates with lower executives' social status, and (ii) impaired job mobility as employers shun stigmatized executives. The compensation premium is not explained by higher managerial skill required in firms we investigate, higher employment contract risk, political capital, litigation risk, or differences in corporate governance quality, and robust to endogeneity concerns. Our results highlight the significant impact job-related social stigma has on executive compensation.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Banking and Finance
ISSN
0378-4266
e-ISSN
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Volume of the periodical
96
Issue of the periodical within the volume
November
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
16
Pages from-to
169-184
UT code for WoS article
000450020200011
EID of the result in the Scopus database
2-s2.0-85053800435