Study examines the link between executive gender diversity and gender pay inequality in UK firms, suggesting leadership reforms can reduce disparities.
Key Points
The study aims to explore the relationship between executive gender diversity and firm-level gender pay inequality in UK firms.
Analyzed panel data from FTSE 350 non-financial firms (2017-2023)
Utilized mandatory UK gender pay gap disclosures and regression models
Assessed the impact of female executive representation on gender pay inequality
Greater executive gender diversity is associated with lower gender pay inequality (p<0.05)
A higher proportion of women in the overall workforce correlates with wider gender pay gaps
The negative association is stronger in firms with higher female executive representation and greater baseline inequality