{"659242":{"#nid":"659242","#data":{"type":"event","title":"PhD Defense by Anish Menon","body":[{"value":"\u003Cp\u003E\u003Cstrong\u003EArea\u003C\/strong\u003E: Accounting\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cstrong\u003ECommittee Members\u003C\/strong\u003E: Dr. Kathy Rupar (Chair), Dr. Jane Thayer, \u0026nbsp;Dr. Jason Kuang, Dr. Robbie Moon, Dr. Shankar Venkataraman (Bentley University)\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cstrong\u003ETitle\u003C\/strong\u003E: The Effect of Accessibility of Status-confirming Information on Investor Reactions to the Pay-ratio Disclosure.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cstrong\u003EDissertation overview:\u003C\/strong\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe SEC provides companies with considerable flexibility in the disclosure of the ratio between CEO and median employee compensation (pay-ratio). Prior research suggests that pay-ratio disclosures negatively affect investors\u0026rsquo; support for executive compensation (SoP). Using two experiments, I find that accessibility of information that helps justify the gap between CEO and median employee compensation (status-confirming information) increases nonprofessional investors\u0026rsquo; support for executive compensation (SoP support). Drawing on research in psychology, in experiment 1, I predict that accessibility of status-confirming information increases investors\u0026rsquo; perceptions of meritocracy especially when the pay-ratio is higher than the peer companies which helps investors rationalize the compensation gap made salient by the pay-ratio. I find that investors\u0026rsquo; perceptions of meritocracy positively influence their SoP support. However, accessibility of status-confirming information does not increase perceptions of meritocracy when pay-ratio is higher than peer companies. I conduct a second experiment to investigate this inconsistent result. In experiment two, I find that investors\u0026rsquo; perceptions of wealth and accessibility of status-confirming information affect both investors\u0026rsquo; perceptions of meritocracy and SoP support when pay-ratio is higher than peer companies. Together, my findings provide evidence that the content of the pay-ratio disclosure apart from the disclosure itself could systematically affect investor decisions.\u003C\/p\u003E\r\n","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":[{"value":"The Effect of Accessibility of Status-confirming Information on Investor Reactions to the Pay-ratio Disclosure."}],"uid":"27707","created_gmt":"2022-07-06 14:17:43","changed_gmt":"2022-07-06 14:17:43","author":"Tatianna Richardson","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2022-07-19T16:30:00-04:00","event_time_end":"2022-07-19T18:30:00-04:00","event_time_end_last":"2022-07-19T18:30:00-04:00","gmt_time_start":"2022-07-19 20:30:00","gmt_time_end":"2022-07-19 22:30:00","gmt_time_end_last":"2022-07-19 22:30:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"groups":[{"id":"221981","name":"Graduate Studies"}],"categories":[],"keywords":[{"id":"100811","name":"Phd Defense"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"1788","name":"Other\/Miscellaneous"}],"invited_audience":[{"id":"78761","name":"Faculty\/Staff"},{"id":"78771","name":"Public"},{"id":"78751","name":"Undergraduate students"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}