Executive’s Pay Gap, Product Market Competition and Corporate Social Responsibility

doi:10.3969/j.issn.1005-6378.2018.04.011

Abstract

Abstract: As an important strategy of the company, social responsibility has received extensive attention from academics and practitioners in recent years. This article takes A-share listed companies that released social responsibility reports from 2009 to 2016 as research objects, and discusses the relationship between executives’ pay gaps and corporate social responsibility. The study finds that: within the company, there is a negative relationship between the horizontal pay gaps and corporate social responsibilities, while vertical pay gaps are positively related to social responsibilities. In the highly competitive industries, the promotion of horizontal pay gaps and vertical pay gaps will weaken the performance of corporate social responsibility; with the further research we find that the level of the corporate social responsibility deteriorates with the increase of the external pay gap of executives. The conclusion of this paper enriches the factors that influence corporate social responsibility, and has some references value for the formulation of executive compensation policy.

Key words: horizontal pay gap, vertical pay gap, product market competition, corporate social responsibility

CLC Number:

F272

YUAN Ze-ming, WANG Pei-lin. Executive’s Pay Gap, Product Market Competition and Corporate Social Responsibility[J]. JOURNAL OF HEBEI UNIVERSITY (Philosophy and Social Science), 2018, 43(4): 76-86.

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