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Women on boards in finance and STEM industries

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  • Adams, Renée B.
  • Kirchmaier, Thomas

Abstract

We document that women are less represented on corporate boards in Finance and more traditional STEM industry sectors. Even after controlling for differences in firm and country characteristics, average diversity in these sectors is 24% lower than the mean. Our findings suggest that well-documented gender differences in STEM university enrolments and occupations have long-term consequences for female business leadership. The leadership gap in Finance and STEM may be difficult to eliminate using blanket boardroom diversity policies. Diversity policies are also likely to have a different impact on firms in these sectors than in non-STEM sectors.

Suggested Citation

  • Adams, Renée B. & Kirchmaier, Thomas, 2016. "Women on boards in finance and STEM industries," LSE Research Online Documents on Economics 65725, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:65725
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    File URL: http://eprints.lse.ac.uk/65725/
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    References listed on IDEAS

    as
    1. Helen Shen, 2013. "Inequality quantified: Mind the gender gap," Nature, Nature, vol. 495(7439), pages 22-24, March.
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    More about this item

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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