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Jobs for the Boys? Exploring gender biased director’s selection

Author

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  • Mateos de Cabo, Ruth
  • Gimeno, Ricardo

Abstract

We use mergers and acquisitions to isolate demand from supply-side factors on board nominations. This event study allows considering target directors as appointed and discarded candidates to the merged board. Our results show empirical evidence consistent with bias against women.

Suggested Citation

  • Mateos de Cabo, Ruth & Gimeno, Ricardo, 2017. "Jobs for the Boys? Exploring gender biased director’s selection," Economics Letters, Elsevier, vol. 161(C), pages 82-85.
  • Handle: RePEc:eee:ecolet:v:161:y:2017:i:c:p:82-85
    DOI: 10.1016/j.econlet.2017.09.026
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    References listed on IDEAS

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    1. repec:eee:ecolet:v:155:y:2017:i:c:p:59-61 is not listed on IDEAS
    2. Renée B. Adams & Patricia Funk, 2012. "Beyond the Glass Ceiling: Does Gender Matter?," Management Science, INFORMS, vol. 58(2), pages 219-235, February.
    3. Marianne Bertrand & Dolly Chugh & Sendhil Mullainathan, 2005. "Implicit Discrimination," American Economic Review, American Economic Association, vol. 95(2), pages 94-98, May.
    4. Ian Gregory‐Smith & Brian G.M. Main & Charles A. O'Reilly III, 2014. "Appointments, Pay and Performance in UK Boardrooms by Gender," Economic Journal, Royal Economic Society, vol. 124(574), pages 109-128, February.
    5. Farrell, Kathleen A. & Hersch, Philip L., 2005. "Additions to corporate boards: the effect of gender," Journal of Corporate Finance, Elsevier, vol. 11(1-2), pages 85-106, March.
    6. Harford, Jarrad, 2003. "Takeover bids and target directors' incentives: the impact of a bid on directors' wealth and board seats," Journal of Financial Economics, Elsevier, vol. 69(1), pages 51-83, July.
    7. Harbaugh, Rick & To, Ted, 2014. "Opportunistic discrimination," European Economic Review, Elsevier, vol. 66(C), pages 192-204.
    8. Charléty, Patricia & Romelli, Davide & Santacreu-Vasut, Estefania, 2017. "Appointments to central bank boards: Does gender matter?," Economics Letters, Elsevier, vol. 155(C), pages 59-61.
    9. Phelps, Edmund S, 1972. "The Statistical Theory of Racism and Sexism," American Economic Review, American Economic Association, vol. 62(4), pages 659-661, September.
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    More about this item

    Keywords

    Gender diversity; Corporate boards; Mergers and acquisitions; Director retention;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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