Alan, Nazli Sila; Bardos, Katsiaryna Salavei; Shelkova, … - In: Managerial Finance 47 (2020) 3, pp. 356-382
Purpose: The motivation behind Section 953(b) of Dodd–Frank Act was the increasing pay inequality and supposed CEOs' rent extraction. It required public companies to disclose CEO-to-employee pay ratios. Using the ratios reported by S&P 1500 firms in 2017–18, this paper examines whether...