This paper selected Shanghai and Shenzhen A-share listed companies from 2010 to 2022 as samples to explore the influence of executive pay gap on corporate sustainable development performance and its mechanism.The results show that the executive pay gap is conducive to improving corporate sustainability per-formance,and the conclusion remains unchanged after a series of robustness tests.The mechanism analysis shows that the executive pay gap can improve the sustainable development performance of enterprises by impro-ving the level of green technology innovation and green management innovation.Heterogeneity analysis shows that the executive compensation gap has a stronger effect on the sustainable development performance of state-owned enterprises and enterprises without the combination of chairman and CEO.
关键词
高管薪酬差距/绿色技术创新/绿色管理创新/可持续发展绩效
Key words
executive pay gap/green technology innovation/green management innovation/sustainable development performance
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