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| Research on the Impact of Executive Pay Gap on Enterprise Digital Transformation |
| NIU Biao，YU Xiang，DING Yanan，TAO Yunqing |
| 1. Chinese Academy of Fiscal Sciences, Beijing, China; 2. Nankai University, Tianjin, China; 3. Beijing Wuzi University, Beijing, China; 4. Peking University, Beijing, China |
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Abstract Based on the data of Shanghai and Shenzhen A-share listed companies in China from 2007 to 2021, this study constructs and tests the role of executive pay gap on enterprise digital transformation and its role scenario. The research shows that there is a significant difference between the type of pay gap of the executive team and the enterprise digital transformation, in which the vertical pay gap and the external pay gap have a significant promoting effect on the enterprise digital transformation, and the horizontal pay gap has a significant inhibiting effect on the enterprise digital transformation. The results show that the external environment, including the level of industry competition, regional trust and environmental uncertainty, has a moderating effect on the relationship between executive team pay gap and digital transformation. Corporate attributes, including property rights, technological attributes and competitive strategies, have a heterogeneous impact on the relationship between executive team pay gap and corporate digital transformation.
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Received: 31 July 2023
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