This paper offers a new explanation of the gender pay gap in leadership positions by examining the relationship between … managerial bonuses and company performance. Drawing on findings of gender studies, agency theory, and the leadership literature …, we argue that the gender pay gap is a context-specific phenomenon that results partly from the fact that company …

’s social-dominance power, based on ethnicity, gender, and political connections. High social-dominance power (proxied by a lack … of ethno-religious-linguistic and gender diversity) boosts agency conflicts and worsens corporate performance in the post … importance of inclusiveness (in relation to ethnicity, religion, language, and gender) at the top decision and monitoring levels …