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Religious Institutional Environment and Executive Pay Dispersion

Published online by Cambridge University Press:  03 May 2024

Ying Zhang ,
Hongfei Ruan  and
Li Tong Open the ORCID record for Li Tong [Opens in a new window]
Ying Zhang
Affiliation:
School of Management, Northwestern Polytechnical University, Xi'an, P.R. China
Hongfei Ruan*
Affiliation:
School of Management, Harbin Institute of Technology, Harbin, P.R. China
Li Tong
Affiliation:
Guanghua School of Management, Peking University, Beijing, P.R. China
*
Corresponding author: Hongfei Ruan (hongfeiruan@hit.edu.cn)
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Abstract

This study extends the extant literature on executive pay dispersion by exploring the cultural-cognitive social determinants. We investigate how religious institutional environments, including Buddhism- and Confucianism-based institutions, shape vertical executive pay dispersion. We theorize that a Buddhism-based institutional environment is negatively related to vertical executive pay dispersion. In contrast, we propose competing hypotheses regarding how a Confucianism-based institutional environment affects vertical executive pay dispersion. With a sample of Chinese public firms, we find that both Buddhism- and Confucianism-based institutional environments are negatively associated with a firm's vertical executive pay dispersion. Supplementary analyses show that the aforementioned main effects are attenuated when a firm is embedded by a communist party branch and has a younger CEO.

摘要

摘要

本文从文化认知角度扩展了现有关于高管薪酬差距的研究文献，聚焦于当地宗教机构存在的普遍程度-如佛教寺庙和儒家孔庙的多少，如何影响高管的纵向薪酬差距。虽然我们认为佛教机构的存在会与高管纵向薪酬差距呈负相关，而儒家机构普遍程度会正面影响与高管纵向薪酬差距但使用中国上市公司的数据分析结果表明，佛教和儒家机构的普遍性都对公司高管纵向薪酬差距起到了负面的影响。但是，结果也表明，上述负面影响会在两种情况下被削弱：（a）公司里有党支部，（b）公司CEO年纪较轻。

Keywords

Chinacultural-cognitiveinstitutional theorypay dispersionreligion中国文化认知制度理论薪酬差距宗教
Type
Article
Information
Management and Organization Review , Volume 20 , Issue 2 , April 2024 , pp. 265 - 295
Copyright
Copyright © The Author(s), 2024. Published by Cambridge University Press on behalf of International Association for Chinese Management Research

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