Abstract
This paper examines the relationship between CEO gender and compensation. The sample consists of construction and material construction companies listed in the Vietnamese stock market between 2012 and 2019. The result estimated from a pooled Ordinary Least Squares model shows that female CEOs receive less compensation than male counterparts. This result does not change when we employ a fixed effects model to deal with the endogeneity caused by time-invariant omitted variables or when we use a random effects model to capture the effects of heterogeneity between firms. Our results suggest that CEO gender pay gap may exist in countries where the degree of gender inequality is severe. Policymakers should be aware of this situation and have some solutions to reduce the gap.
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