IDEAS home Printed from https://ideas.repec.org/a/spr/sjobre/v62y2010i5d10.1007_bf03372834.html
   My bibliography  Save this article

Der Einfluss der Aufsichtsratszusammensetzung auf die Präsenz von Frauen in Aufsichtsräten

Author

Listed:
  • Jana Oehmichen

    (Institut für Unternehmensführung)

  • Marc Steffen

    (Center for Entrepreneurial and Financial Studies (CEFS))

  • Michael Wolff

    (Institut für Unternehmensführung)

Abstract

Zusammenfassung Der Deutsche Corporate Governance Kodex fordert, „bei der Besetzung des Vorstands und Aufsichtsrats auf eine ausreichende Vielfalt“ zu achten. Mit einem Frauenanteil von knapp 4% auf der Kapitalseite deutscher Aufsichtsräte war man von diesem Ziel im Jahr 2007 noch weit entfernt. Diese Studie analysiert, welche Dimensionen der Aufsichtsratszusammensetzung diesen geringen Anteil von Frauen im Aufsichtsrat erklären. Die Analysen umfassen die in den Jahren 1998 bis 2007 im CDAX gelisteten Unternehmen. Es zeigt sich, dass insbesondere die Zugehörigkeit zum eng verflochtenen Netz deutscher Aufsichtsräte einen negativen Effekt auf die Präsenz von Frauen auf der Kapitalseite von Aufsichtsräten hat. Demgegenüber hat der Anteil von Männern, die bereits Erfahrungen mit weiblichen Aufsichtsräten der Kapitalseite gemacht haben, einen positiven Einfluss. Ein solcher positiver Effekt geht auch von Frauen auf der Arbeitnehmerseite aus.

Suggested Citation

  • Jana Oehmichen & Marc Steffen & Michael Wolff, 2010. "Der Einfluss der Aufsichtsratszusammensetzung auf die Präsenz von Frauen in Aufsichtsräten," Schmalenbach Journal of Business Research, Springer, vol. 62(5), pages 503-532, August.
    • Handle: RePEc:spr:sjobre:v:62:y:2010:i:5:d:10.1007_bf03372834
    DOI: 10.1007/BF03372834
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/BF03372834
    File Function: Abstract
    Download Restriction: no
    File URL: https://libkey.io/10.1007/BF03372834?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jensen, Michael C & Meckling, William H, 1979. "Rights and Production Functions: An Application to Labor-managed Firms and Codetermination," The Journal of Business, University of Chicago Press, vol. 52(4), pages 469-506, October.
    2. Dalton, Catherine M., 2007. "Queen bees: All sting, no honey," Business Horizons, Elsevier, vol. 50(5), pages 349-352.
    3. Henrekson, Magnus & Stenkula, Mikael, 2009. "Why Are There So Few Female Top Executives in Egalitarian Welfare States?," Working Paper Series 786, Research Institute of Industrial Economics.
    4. Krishnan, Hema A., 2009. "What causes turnover among women on top management teams?," Journal of Business Research, Elsevier, vol. 62(11), pages 1181-1186, November.
    5. Eliezer M. Fich & Anil Shivdasani, 2006. "Are Busy Boards Effective Monitors?," Journal of Finance, American Finance Association, vol. 61(2), pages 689-724, April.
    6. Johnson, Stefanie K. & Murphy, Susan Elaine & Zewdie, Selamawit & Reichard, Rebecca J., 2008. "The strong, sensitive type: Effects of gender stereotypes and leadership prototypes on the evaluation of male and female leaders," Organizational Behavior and Human Decision Processes, Elsevier, vol. 106(1), pages 39-60, May.
    7. Thomas Koenig & Robert Gogel, 1981. "Interlocking Corporate Directorships as a Social Network," American Journal of Economics and Sociology, Wiley Blackwell, vol. 40(1), pages 37-50, January.
    8. Ruth V. Aguilera & Igor Filatotchev & Howard Gospel & Gregory Jackson, 2008. "An Organizational Approach to Comparative Corporate Governance: Costs, Contingencies, and Complementarities," Organization Science, INFORMS, vol. 19(3), pages 475-492, June.
    9. Sabine Lederle, 2007. "Die Einfuehrung von Diversity Management in deutschen Organisationen - Eine neoinstitutionalistische Perspektive," Zeitschrift fuer Personalforschung. German Journal of Research in Human Resource Management, Rainer Hampp Verlag, vol. 21(1), pages 22-41.
    10. Jane E. Dutton & Susan J. Ashford & Katherine A. Lawrence & Kathi Miner-Rubino, 2002. "Red Light, Green Light: Making Sense of the Organizational Context for Issue Selling," Organization Science, INFORMS, vol. 13(4), pages 355-369, August.
    11. Michael A. Hitt & David Ahlstrom & M. Tina Dacin & Edward Levitas & Lilia Svobodina, 2004. "The Institutional Effects on Strategic Alliance Partner Selection in Transition Economies: China vs. Russia," Organization Science, INFORMS, vol. 15(2), pages 173-185, April.
    12. Siri Terjesen & Val Singh, 2008. "Female Presence on Corporate Boards: A Multi-Country Study of Environmental Context," Journal of Business Ethics, Springer, vol. 83(1), pages 55-63, November.
    13. Bowles, Hannah Riley & Babcock, Linda & Lai, Lei, 2007. "Social incentives for gender differences in the propensity to initiate negotiations: Sometimes it does hurt to ask," Organizational Behavior and Human Decision Processes, Elsevier, vol. 103(1), pages 84-103, May.
    14. Green, Francis, 1993. "The Determinants of Training of Male and Female Employees in Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 55(1), pages 103-122, February.
    15. Krishnan, Hema A. & Park, Daewoo, 2005. "A few good women--on top management teams," Journal of Business Research, Elsevier, vol. 58(12), pages 1712-1720, December.
    16. Yael V. Hochberg & Alexander Ljungqvist & Yang Lu, 2007. "Whom You Know Matters: Venture Capital Networks and Investment Performance," Journal of Finance, American Finance Association, vol. 62(1), pages 251-301, February.
    17. 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.
    18. repec:bla:scandj:v:95:y:1993:i:3:p:365-75 is not listed on IDEAS
    19. Sigelman, Lee & Zeng, Langche, 1999. "Analyzing Censored and Sample-Selected Data with Tobit and Heckit Models," Political Analysis, Cambridge University Press, vol. 8(2), pages 167-182, December.
    20. Katja Rost & Margit Osterloh, 2008. "You Pay a Fee for Strong Beliefs: Homogeneity as a Driver of Corporate Governance Failure," CREMA Working Paper Series 2008-28, Center for Research in Economics, Management and the Arts (CREMA).
    21. Catherine M. Daily & S. Trevis Certo & Dan R. Dalton, 1999. "A decade of corporate women: some progress in the boardroom, none in the executive suite," Strategic Management Journal, Wiley Blackwell, vol. 20(1), pages 93-100, January.
    22. 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.
    23. Elke Holst & Julia Schimeta, 2009. "Nach wie vor kaum Frauen in den Top-Gremien großer Unternehmen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 76(18), pages 302-309.
    24. Egon Franck & Carola Jungwirth, 1998. "Vorurteile als Karrierebremse? Ein Versuch zur Erklärung des Glass Ceiling-Phänomens," Schmalenbach Journal of Business Research, Springer, vol. 50(12), pages 1083-1097, December.
    25. Ray Reagans & Ezra W. Zuckerman, 2001. "Networks, Diversity, and Productivity: The Social Capital of Corporate R&D Teams," Organization Science, INFORMS, vol. 12(4), pages 502-517, August.
    26. Coate, Stephen & Loury, Glenn C, 1993. "Will Affirmative-Action Policies Eliminate Negative Stereotypes?," American Economic Review, American Economic Association, vol. 83(5), pages 1220-1240, December.
    27. Tharenou, Phyllis, 2008. "Disruptive decisions to leave home: Gender and family differences in expatriation choices," Organizational Behavior and Human Decision Processes, Elsevier, vol. 105(2), pages 183-200, March.
    28. 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, February.
    29. Glenn Hoetker, 2007. "The use of logit and probit models in strategic management research: Critical issues," Strategic Management Journal, Wiley Blackwell, vol. 28(4), pages 331-343, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefan Schmid & Tobias Dauth, 2012. "Internationale Diversität im Top-Management — Eine empirische Analyse der DAX-30-Unternehmen," Schmalenbach Journal of Business Research, Springer, vol. 64(7), pages 772-802, November.
    2. Kerstin Fehre & Hagen Lindstädt & Alexander Picard, 2014. "Förderung von Frauen in Führungspositionen: Bezugsrahmen und empirische Analyse der unternehmerischen Maßnahmen," Schmalenbach Journal of Business Research, Springer, vol. 66(1), pages 37-68, February.
    3. Julia Heidemann & Andrea Landherr & Anna-Luisa Müller, 2013. "Berichterstattung über Frauen in Führungspositionen — eine Analyse der DAX 30-Unternehmen," Schmalenbach Journal of Business Research, Springer, vol. 65(5), pages 488-512, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ruth Mateos de Cabo & Ricardo Gimeno & María Nieto, 2012. "Gender Diversity on European Banks’ Boards of Directors," Journal of Business Ethics, Springer, vol. 109(2), pages 145-162, August.
    2. Julia Heidemann & Andrea Landherr & Anna-Luisa Müller, 2013. "Berichterstattung über Frauen in Führungspositionen — eine Analyse der DAX 30-Unternehmen," Schmalenbach Journal of Business Research, Springer, vol. 65(5), pages 488-512, September.
    3. Luong, Hoa & Khedmati, Mehdi & Nguyen, Lan Anh & Nigmonov, Asror & Ovi, Nafisa Zabeen & Shams, Syed, 2023. "CEO-director ties and board gender diversity: US evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 40(C).
    4. Nguyen, Tuan & Locke, Stuart & Reddy, Krishna, 2015. "Does boardroom gender diversity matter? Evidence from a transitional economy," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 184-202.
    5. Catarina Fernandes & Jorge Farinha & Francisco Vitorino Martins & Cesario Mateus, 2017. "Supervisory boards, financial crisis and bank performance: do board characteristics matter?," Journal of Banking Regulation, Palgrave Macmillan, vol. 18(4), pages 310-337, November.
    6. Nguyen, Tuan & Nguyen, An & Nguyen, Mau & Truong, Thuyen, 2021. "Is national governance quality a key moderator of the boardroom gender diversity–firm performance relationship? International evidence from a multi-hierarchical analysis," International Review of Economics & Finance, Elsevier, vol. 73(C), pages 370-390.
    7. Rey Dang & Anne Françoise Bender & Marie José Scotto, 2014. "Women on French Corporate Board of Directors: How Do They Differ from their Male Counterparts?," Working Papers 2014-54, Department of Research, Ipag Business School.
    8. 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.
    9. Liu, Yonghong & Lei, Lijun & Buttner, E. Holly, 2020. "Establishing the boundary conditions for female board directors’ influence on firm performance through CSR," Journal of Business Research, Elsevier, vol. 121(C), pages 112-120.
    10. Bowo Setiyono & Amine Tarazi, 2018. "Does Diversity of Bank Board Members Affect Performance and Risk? Evidence from an Emerging Market," CSR, Sustainability, Ethics & Governance, in: Belén Díaz Díaz & Samuel O. Idowu & Philip Molyneux (ed.), Corporate Governance in Banking and Investor Protection, chapter 0, pages 185-218, Springer.
    11. Saeed, Abubakr & Belghitar, Yacine & Yousaf, Amna, 2016. "Firm-level determinants of gender diversity in the boardrooms: Evidence from some emerging markets," International Business Review, Elsevier, vol. 25(5), pages 1076-1088.
    12. Collins Ntim, 2015. "Board diversity and organizational valuation: unravelling the effects of ethnicity and gender," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(1), pages 167-195, February.
    13. repec:ipg:wpaper:2014-054 is not listed on IDEAS
    14. Loy, Thomas R. & Rupertus, Hendrik, 2018. "Institutional correlates with female board representation," Finance Research Letters, Elsevier, vol. 24(C), pages 238-246.
    15. Hisham Farag & Chris Mallin, 2016. "The Impact of the Dual Board Structure and Board Diversity: Evidence from Chinese Initial Public Offerings (IPOs)," Journal of Business Ethics, Springer, vol. 139(2), pages 333-349, December.
    16. Isabelle Solal & Kaisa Snellman, 2019. "Women Don’t Mean Business? Gender Penalty in Board Composition," Organization Science, INFORMS, vol. 30(6), pages 1270-1288, November.
    17. García Lara, Juan Manuel & García Osma, Beatriz & Mora, Araceli & Scapin, Mariano, 2017. "The monitoring role of female directors over accounting quality," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 651-668.
    18. Maria Camila De-La-Hoz & Carlos Pombo & Rodrigo Taborda, 2018. "Does board diversity affect institutional investor preferences? Evidence from Latin America," Documentos CEDE 15991, Universidad de los Andes, Facultad de Economía, CEDE.
    19. Low, Daniel C.M. & Roberts, Helen & Whiting, Rosalind H., 2015. "Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and Singapore," Pacific-Basin Finance Journal, Elsevier, vol. 35(PA), pages 381-401.
    20. Field, Laura Casares & Souther, Matthew E. & Yore, Adam S., 2020. "At the table but can not break through the glass ceiling:Board leadership positions elude diverse directors," Journal of Financial Economics, Elsevier, vol. 137(3), pages 787-814.
    21. Ouedraogo Alidou, 2018. "Determinants of under-representation of women on Boards of Directors: an exploratory study of African public and private firms," Economics and Business Review, Sciendo, vol. 4(2), pages 98-113, June.

    More about this item

    Keywords

    C 23; G30; G34;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sjobre:v:62:y:2010:i:5:d:10.1007_bf03372834. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.