Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/90085 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 7678
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
This paper analyzes the determinants of women on the boards of directors based on a panel sample of all Danish companies in the private sector with more than 50 employees. The share of women on the boards of directors was 12 percent in 2007 and has only slowly increased during the period 1997-2007. We test three hypotheses on female board representation which we denote the female-led hypothesis, the tokenism hypothesis, and the pipeline hypothesis, respectively. Based on fixed effects estimation we find that the female-led hypothesis cannot be supported. Firms with a female chairman of the board of directors tend to have significantly fewer other non-staff board members. We find clear evidence of a tokenism behavior in Danish companies. Having one non-staff woman on the board is negatively related to the chance of hiring another woman for the board of directors. Finally, the pipeline hypothesis is partly confirmed. The share of women among the group of CEOs and VPs from other firms in the industry is positively related to having a women on the board.
Schlagwörter: 
board of directors
gender gap
female-led
tokenism
pipeline
JEL: 
G34
J16
L25
Dokumentart: 
Working Paper

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