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Gender spillovers from supervisory boards to management boards

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  • Viktor Bozhinov
  • Jasmin Joecks
  • Katrin Scharfenkamp

Abstract

This study investigates gender spillovers from women on supervisory boards to women on management boards in a two‐tier system with employee codetermination. The supervisory board consists of a nominating committee mainly responsible for the appointment of directors in the management board. By combining similarity attraction theory with power theory, we predict that only female shareholder representatives who serve on the nominating committee drive the positive effect on the presence of women on management boards. The results of the correlated random effects models in a sample of 95 German codetermined and publicly listed companies (2009–2016) confirm the predicted relationship.

Suggested Citation

  • Viktor Bozhinov & Jasmin Joecks & Katrin Scharfenkamp, 2021. "Gender spillovers from supervisory boards to management boards," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(5), pages 1317-1331, July.
    • Handle: RePEc:wly:mgtdec:v:42:y:2021:i:5:p:1317-1331
    DOI: 10.1002/mde.3311
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    2. Lara Lesch & Shannon Kerwin & Tim F. Thormann & Pamela Wicker, 2022. "Critical Masses and Gender Diversity in Voluntary Sport Leadership: The Role of Economic and Social State-Level Factors," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    3. Schoonjans, Eline & Hottenrott, Hanna & Buchwald, Achim, 2023. "Welcome on board? Appointment dynamics of women as directors," ZEW Discussion Papers 23-005, ZEW - Leibniz Centre for European Economic Research.
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    5. Jasmin Joecks & Kerstin Pull & Katrin Scharfenkamp, 2023. "Women directors and firm innovation: The role of women directors' representative function," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1203-1214, March.
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