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Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership

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  • David A. Matsa
  • Amalia R. Miller

Abstract

This paper examines the role of women helping women in corporate America. Using a merged panel of directors and executives for large US corporations between 1997 and 2009, we find a positive association between the female share of the board of directors in the previous year and the female share among current top executives. The relationship's timing suggests that causality runs from boards to managers and not the reverse. This pattern of women helping women at the highest levels of firm leadership highlights the continued importance of a demand-side "glass ceiling" in explaining the slow progress of women in business.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/aer.101.3.635
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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 101 (2011)
Issue (Month): 3 (May)
Pages: 635-39

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Handle: RePEc:aea:aecrev:v:101:y:2011:i:3:p:635-39

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References

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  1. Muriel Niederle & Lise Vesterlund, 2005. "Do Women Shy Away from Competition? Do Men Compete too Much?," Discussion Papers 04-030, Stanford Institute for Economic Policy Research.
  2. Susan Athey & Christopher Avery & Peter Zemsky, 1998. "Mentoring and Diversity," NBER Working Papers 6496, National Bureau of Economic Research, Inc.
  3. Adams, Ren辿e B. & Ferreira, Daniel, 2008. "Women in the Boardroom and Their Impact on Governance and Performance," CEI Working Paper Series 2008-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  4. Francine D. Blau & Lawrence M. Kahn, 2000. "Gender Differences in Pay," NBER Working Papers 7732, National Bureau of Economic Research, Inc.
  5. Marianne Bertrand & Claudia Goldin & Lawrence F. Katz, 2010. "Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors," American Economic Journal: Applied Economics, American Economic Association, vol. 2(3), pages 228-55, July.
  6. Amalia Miller, 2011. "The effects of motherhood timing on career path," Journal of Population Economics, Springer, vol. 24(3), pages 1071-1100, July.
  7. David A. Matsa & Amalia R. Miller, 2013. "A Female Style in Corporate Leadership? Evidence from Quotas," American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 136-69, July.
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Cited by:
  1. Nina Smith & Valdemar Smith & Mette Verner, 2013. "Why Are So Few Females Promoted into CEO and Vice President Positions? Danish Empirical Evidence, 1997?2007," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 66(2), pages 380-408, April.
  2. Bednar, Steven & Gicheva, Dora, 2014. "Are Female Supervisors More Female-Friendly?," Working Papers 14-1, University of North Carolina at Greensboro, Department of Economics.
  3. Lam, Kevin C.K. & McGuinness, Paul B. & Vieito, João Paulo, 2013. "CEO gender, executive compensation and firm performance in Chinese‐listed enterprises," Pacific-Basin Finance Journal, Elsevier, vol. 21(1), pages 1136-1159.
  4. Hartarska, Valentina & Mersland, Roy & Nadolnyak, Denis, 2013. "Are Women Better Bankers to the Poor? Evidence from Rural Microfinance Institutions," 2014 Allied Social Science Association (ASSA) Annual Meeting, January 3-5, 2014, Philadelphia, PA 161653, Agricultural and Applied Economics Association.
  5. Geiler, P.H.M., 2012. "Essays on executive remuneration contracting: Managerial power, corporate payout, and gender discrimination," Open Access publications from Tilburg University urn:nbn:nl:ui:12-5590842, Tilburg University.
  6. Joni Hersch, 2013. "Opting out among women with elite education," Review of Economics of the Household, Springer, vol. 11(4), pages 469-506, December.
  7. Geiler, P.H.M. & Renneboog, L.D.R., 2014. "Are Female Top Managers Really Paid Less?," Discussion Paper 2014-004, Tilburg University, Center for Economic Research.

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