Empirical studies have documented the existence of the public‐private pay differentials in both developed and developing countries. The implementation of policies aiming to reduce this gap has however been mitigated or inconclusive. This paper exploits the Single Spine Pay Policy (SSPP) in...

Reports citing excessive CEO compensation continue to make the news with evidence of peer relationships between the CEO and the compensation committee often the center of debate. The compensation committee of the board of directors determines CEO pay and is often comprises CEOs from other...