CANCELLED : Does National Culture Impact Executives Compensation?

Seminar abstract

The presentation examines the impact of culture on executive compensation.

Using a sample of 8025 firms from 17 countries and employing GLOBE cultural dimensions, we find that culture has a significant explanatory power in cross-country executive compensation practices.

We contribute to the existing literature by demonstrating how culture affects the relationship between performance and compensation as well as compensation disparity in the boardroom.

In particular, we find that in assertive and individualistic societies, compensation is closely related to performance and that compensation disparity is lower among the top management team.

Our results reveal more insights on the relationship between culture and compensation practices.

How to join this seminar

This seminar is free to attend with no need to register in advance.

You can join this seminar online on Wednesday 15 December 2021 at 2pm

We welcome you to join this seminar with friends, colleagues and classmates.

Speaker bio

Yang Zhao's research identity lies in the area of empirical corporate finance, with a special focus on corporate networks. Corporate networks influence information diffusion, managerial power and reputation.

By conducting quantitative analyses of networks, Yang Zhao investigates relationships between networks (at both director level and corporate level) and the other issues such as executive compensation, mergers and acquisitions, insider trading, innovation, and family ownership.

Yang Zhao is also interested in the following areas of research:

• Corporate innovation
• Culture and corporate governance
• Executive compensation
• Director traits, experience and background
• Academic networks