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Does the Glass Ceiling Exist? A Longitudinal Study of Women’s Progress on French Corporate Boards

  • Rey Dang
  • Duc Khuong Nguyen
  • Linh-Chi Vo

In this article, we conduct a longitudinal study of women’s progress on French corporate boards of directors. We particularly focus on the extent to which women directors have circumvented the glass ceiling. Using a sample of SBF 120 companies over a 10-year period from 2000 to 2009, our results provide evidence of a significant increase in the number of women on French corporate boards. However, the corporate glass ceiling hypothesis is consistently rejected whatever the considered measure of female directors, i.e., the number of board seats held by women, the number of firms with a critical mass of female directors, and the number of directorships held by each women director.

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Paper provided by Department of Research, Ipag Business School in its series Working Papers with number 2014-239.

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Length: 9 pages
Date of creation: 28 Apr 2014
Date of revision:
Handle: RePEc:ipg:wpaper:2014-239
Contact details of provider: Postal: 184 Boulevard Saint-Germain, 75006 Paris
Phone: 33 1 53 63 36 00
Web page: http://www.ipag.fr

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  1. Kevin Campbell & Antonio Mínguez-Vera, 2008. "Gender Diversity in the Boardroom and Firm Financial Performance," Journal of Business Ethics, Springer, vol. 83(3), pages 435-451, December.
  2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
  3. Ronald J. Burke, 1997. "Women Directors: Selection, Acceptance and Benefits of Board Membership," Corporate Governance: An International Review, Wiley Blackwell, vol. 5(3), pages 118-125, 07.
  4. 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.
  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. 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.
  7. Bang Dang Nguyen, 2012. "Does the Rolodex Matter? Corporate Elite's Small World and the Effectiveness of Boards of Directors," Management Science, INFORMS, vol. 58(2), pages 236-252, February.
  8. David A. Carter & Betty J. Simkins & W. Gary Simpson, 2003. "Corporate Governance, Board Diversity, and Firm Value," The Financial Review, Eastern Finance Association, vol. 38(1), pages 33-53, 02.
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