Executive personality and the gender pay gap

•We test and show that both personality and gender of chief financial officers (CFOs) are significant determinants of their pay.•Controlling for ‘Big Five’ personality traits does not eliminate the differential in compensation between male and female CFOs. Utilizing a large sample of U.S. chief fina...

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Bibliographic Details
Published in:Finance research letters 2023-05, Vol.53, p.103672, Article 103672
Main Authors: Hrazdil, Karel, Novak, Jiri
Format: Article
Language:English
Subjects:
Big five
CFO personality
Executive compensation
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Summary:•We test and show that both personality and gender of chief financial officers (CFOs) are significant determinants of their pay.•Controlling for ‘Big Five’ personality traits does not eliminate the differential in compensation between male and female CFOs. Utilizing a large sample of U.S. chief financial officers (CFOs), we show that both their personality and gender are significant determinants of their remuneration. Controlling for the ‘Big Five’ personality traits does not eliminate the differential in compensation between male and female CFOs.
ISSN:1544-6123
1544-6131
DOI:10.1016/j.frl.2023.103672