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Female Presence on Corporate Boards: A Multi-Country Study of Environmental Context

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  • Siri Terjesen

    ()
    (Queensland University of Technology and Max Planck Institute of Economics, Jena)

  • Val Singh

    (Cranfield University)

Abstract

A growing body of ethics research investigates gender diversity and governance on corporate boards, at individual and firm levels, in single country studies. In this study, we explore the environmental context of female representation on corporate boards of directors, using data from forty-three countries. We suggest that women’s representation on corporate boards may be shaped by the larger environment, including the social, political and economic structures of individual countries. We use logit regression to conduct our analysis. Our results indicate that countries with higher representation of women on boards are more likely to have women in senior management and more equal ratios of male to female pay. However, we find that countries with a longer tradition of women’s political representation are less likely to have high levels of female board representation.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2008-009.

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Date of creation: 30 Jan 2008
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Handle: RePEc:jrp:jrpwrp:2008-009

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Keywords: Corporate Boards; Environmental Context; Female Directors; Gender; Multi-country; Pay Gap; Political Representation;

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References

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  1. Francine D. Blau & Lawrence M. Kahn, 2003. "Understanding International Differences in the Gender Pay Gap," Journal of Labor Economics, University of Chicago Press, vol. 21(1), pages 106-144, January.
  2. Kristy Eastough & Paul W. Miller, 2003. "The Gender Wage Gap in Paid and Self-Employment in Australia," Economics Discussion / Working Papers 03-24, The University of Western Australia, Department of Economics.
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Cited by:
  1. Ruth Mateos de Cabo & Ricardo Gimeno & María Nieto, 2012. "Gender Diversity on European Banks’ Boards of Directors," Journal of Business Ethics, Springer, vol. 109(2), pages 145-162, August.
  2. Paul Steffens & Siri Terjesen & Per Davidsson, 2012. "Birds of a feather get lost together: new venture team composition and performance," Small Business Economics, Springer, vol. 39(3), pages 727-743, October.
  3. Ming Jia & Zhe Zhang, 2013. "Critical Mass of Women on BODs, Multiple Identities, and Corporate Philanthropic Disaster Response: Evidence from Privately Owned Chinese Firms," Journal of Business Ethics, Springer, vol. 118(2), pages 303-317, December.
  4. Amélia Carrasco & Claude Francoeur & Isabelle Réal & Joaquina Laffarga & Emiliano Ruiz-Barbadillo, 2012. "Cultural differences and board gender diversity," Post-Print hal-00937923, HAL.
  5. Mehdi Nekhili & Hayette Gatfaoui, 2013. "Are Demographic Attributes and Firm Characteristics Drivers of Gender Diversity? Investigating Women’s Positions on French Boards of Directors," Journal of Business Ethics, Springer, vol. 118(2), pages 227-249, December.
  6. O'Reilly, Charles A., III & Main, Brian G. M., 2012. "Women in the Boardroom: Symbols or Substance?," Research Papers 2098, Stanford University, Graduate School of Business.
  7. Nina Smith & Valdemar Smith & Mette Verne, 2011. "The gender pay gap in top corporate jobs in Denmark: Glass ceilings, sticky floors or both?," International Journal of Manpower, Emerald Group Publishing, vol. 32(2), pages 156-177, May.
  8. Dalilawati Zainal & Norhayah Zulkifli & Zakiah Saleh, 2013. "Corporate Board Diversity in Malaysia: A Longitudinal Analysis of Gender and Nationality Diversity," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(1), pages 136-148, January.
  9. Magda Bianco & Angela Ciavarella & Rossella Signoretti, 2013. "Women on corporate boards in Italy," Questioni di Economia e Finanza (Occasional Papers) 174, Bank of Italy, Economic Research and International Relations Area.
  10. Aila Virtanen, 2012. "Women on the boards of listed companies: Evidence from Finland," Journal of Management and Governance, Springer, vol. 16(4), pages 571-593, November.
  11. Strøm, Reidar Øystein & D’Espallier, Bert & Mersland, Roy, 2014. "Female leadership, performance, and governance in microfinance institutions," Journal of Banking & Finance, Elsevier, vol. 42(C), pages 60-75.

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