Table 9

Treatment effects in gender pay gap

VariableExecutive directorsProprietary directorsIndependent directors
GPG (%)t-Test (p-value)GPG (%)t-Test (p-value)GPG (%)t-Test (p-value)
Neighbour matching method with no replacement
Totcomp−55.35−2.923*** (0.002)5.550.481 (0.685)18.892.907 (0.998)
Fixcomp−34.69−1.818** (0.036)4.190.362 (0.641)20.203.030 (0.999)
Varcomp−81.90−3.202*** (0.001)−4.78−0.965 (0.167)−1.19−0.313 (0.377)
Neighbour matching method with replacement
Totcomp−43.50−3.715*** (0.000)6.720.859 (0.390)19.361.398 (0.162)
Fixcomp−26.06−2.251** (0.025)4.500.576 (0.565)12.750.922 (0.357)
Varcomp−76.68−4.368*** (0.000)−5.16−1.462 (0.144)3.360.433 (0.665)
Note(s):

*Significant at 10%. **Significant at 5%. ***Significant at 1%

Source(s): Authors’ own work

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