Changing the Corporate Elite? Not So Easy. Female Directors’ Appointments onto Corporate Boards
Scholars have previously investigated country and organizational-level factors associated with the incidence of female directors on boards. These studies, however, cannot explain why, in countries with strong gender equality and pressure for female directorships, firms are still hesitant to promote new women to their boards. To address this issue we – in this study – introduce the cognitive and affective processes related to directors’ identification with the traditional corporate elite as an explanation for the slow organizational response to pressure for gender diversity on boards. We bridge the social identity and critical mass theory to further show how these responses may vary with the current composition of the board. Viewing the board as a locus for the maintenance of the positive distinctiveness of the established corporate elite, we conjecture that new female appointments will not only depend on the current share of women on board but also on the current (minority) share of board positions held by male directors who are not prototypical of the established elite. We also uncover how this relationship is moderated by the share of institutional investors’ ownership. We test and support these propositions on a sample of 387 publicly traded Nordic corporations during 2001–2008.
|Date of creation:||19 Sep 2013|
|Date of revision:|
|Contact details of provider:|| Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden|
Phone: +46 8 665 4500
Fax: +46 8 665 4599
Web page: http://www.ifn.se/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Armand Picou & Michael Rubach, 2006. "Does Good Governance Matter to Institutional Investors? Evidence from the Enactment of Corporate Governance Guidelines," Journal of Business Ethics, Springer, vol. 65(1), pages 55-67, 04.
- Cameron,A. Colin & Trivedi,Pravin K., 2005. "Microeconometrics," Cambridge Books, Cambridge University Press, number 9780521848053, june. pag.
- Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
- Lars Oxelheim & Aleksandra Gregorič & Trond Randøy & Steen Thomsen, 2013. "On the internationalization of corporate boards: The case of Nordic firms," Journal of International Business Studies, Palgrave Macmillan, vol. 44(3), pages 173-194, April.
- Winfried Ruigrok & Simon Peck & Sabina Tacheva & Peder Greve & Yan Hu, 2006. "The Determinants and Effects of Board Nomination Committees," Journal of Management and Governance, Springer, vol. 10(2), pages 119-148, 05.
- Amy J. Hillman, 2000. "The Resource Dependence Role of Corporate Directors: Strategic Adaptation of Board Composition in Response to Environmental Change," Journal of Management Studies, Wiley Blackwell, vol. 37(2), pages 235-256, 03.
- Mariateresa Torchia & Andrea Calabrò & Morten Huse, 2011. "Women Directors on Corporate Boards: From Tokenism to Critical Mass," Journal of Business Ethics, Springer, vol. 102(2), pages 299-317, August.
- Amon Chizema & Yoshikatsu Shinozawa, 2012. "The ‘Company with Committees’: Change or Continuity in Japanese Corporate Governance?," Journal of Management Studies, Wiley Blackwell, vol. 49(1), pages 77-101, 01.
When requesting a correction, please mention this item's handle: RePEc:hhs:iuiwop:0978. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elisabeth Gustafsson)
If references are entirely missing, you can add them using this form.