Women in the Boardroom: A Bottom-up Approach to the Trickle-down Effect
| Autor: | Périlleux, Anaïs A, Szafarz, Ariane |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
CEO
M14 J54 Trickle-Down Effect Performance Labor Force Composition [Labor Standards] M54 Gender Producer Cooperatives Labor Managed Firms Corporate Culture Social Responsibility O15 Leadership Labor Management [Personnel Economics] Economie Board Human Resources Human Development Income Distribution Migration [Economic Development] J82 |
| Zdroj: | Working Papers CEB; 21-005 |
| Popis: | This paper argues that role modeling can explain the impact of boardroom gender diversity on corporate performance. It theorizes that female workers are boosted by female leadership, gain increased motivation, and achieve greater productivity, thereby making their female directors more effective. We test this bottom-up approach to the trickle-down hypothesis on data hand-collected among local cooperatives providing microcredit in Senegal. All the organizations surveyed are similar and small, which allows us to use a homogenous performance metric. All of them outsource their human resource management to the same third party, which mitigates the risk of endogeneity. The data cover over 100,000 triads composed of: gender dominance on the board, gender of CEO, and gender of credit officer. A better financial performance is achieved when the triad is gender-uniform—be it male or female—confirming the importance of role modeling and suggesting that the performance of female board members depends on the gender composition of the workforce. info:eu-repo/semantics/published |
| Databáze: | OpenAIRE |
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