CEO Gender and Compensation: Evidence from Vietnamese Construction and Construction Material Companies
his paper examines the relationship between CEO gender and compensation. The sample consists of
construction and material construction companies listed in the Vietnamese stock market between 2012
and 2019. The result estimated from a pooled Ordinary Least Squares model shows that female CEOs
receive less compensation than male counterparts. This result does not change when we employ a fixed
effects model to deal with the endogeneity caused by time-invariant omitted variables or when we use a
random effects model to capture the effects of heterogeneity between firms. Our results suggest that
CEO gender pay gap may exist in countries where the degree of gender inequality is severe.
Policymakers should be aware of this situation and have some solutions to reduce the gap.
Author's Name: Long Tran Phi, Ngoc Hoang Thi Hong, Ha Thi Hong Bach and Kien Nguyen Trung
Volume: Volume 11
Issues: Volume 11
Keywords: CEO Gender, Compensation, Policymakers, Vietnam.