ABSTRACT
The increasing number of migrants returning from developed countries has become a global trend. This study examined the impact of executives’ overseas experience on the corporate pay gap from the perspective of cultural differences. Using publicly available data collected manually from listed Chinese firms concerning executives’ overseas experience from 2011 to 2018, we found that executives’ overseas experience was positively associated with both internal and external pay gaps. Additionally, the higher the number of executives with overseas experience, the higher the pay gap. These findings highlight the effects of cultural differences on corporate governance.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Data availability statement
Data sharing is not applicable to this article as the data in this study were collected manually.