There is significant debate about the usefulness of disclosing the relative pay of the CEO and the median employee (hereafter, pay ratio), as required under the yet-to-be implemented Section 953(b) of the Dodd-Frank Act in the United States. Using an experiment, we find that disclosing...

Executive remuneration is once again a hot topic. The ebb and wake of the popularity of the issue is again evident with the enactment of the Directors’ Remuneration Report Regulations 2002. Welcome though they are, in several important respects, the Regulations still do not go far enough and...