IDEAS home Printed from https://ideas.repec.org/p/zbw/fhfwps/01.html
   My bibliography  Save this paper

Diversität im Aufsichtsrat: Studie über die Zusammensetzung deutscher Aufsichtsräte

Author

Listed:
  • Rieck, Christian
  • Bendig, Helena
  • Hünnemeyer, Julius
  • Nitzsche, Lisa

Abstract

Die vorliegende Studie untersucht empirisch die Zusammensetzung der Aufsichtsräte der DAX30-Unternehmen für die Jahre 2001 und 2011. Hierfür wurden öffentlich verfügbare Lebensläufe ausgewertet und eine Datenbank mit allen Aufsichtsratspositionen und -personen angelegt. Hierbei wurden sowohl demographische als auch biographische Merkmale erfasst, um die jeweilige Bildungshistorie und den beruflichen Werdegang untersuchen zu können. Die Auswertung erfolgt detailliert im Querschnitt für das Jahr 2011 und im Längsschnitt für die Änderungen zwischen den beiden Erhebungsjahren. Es zeigt sich, dass Arbeitnehmervertreter deutlich schlechter qualifiziert sind und nach verschiedenen Maßen eine geringere Diversität aufweisen als die Anteilseignervertreter. Unter den Anteilseignervertretern sind Ausländer gemessen an der Gesamtbevölkerung deutlich überrepräsentiert. Ebenso besteht unter den Anteilseignervertretern eine breite Abdeckung verschiedener Qualifikationen, weil viele der Einzelpersonen verschiedenartige berufliche Erfahrungen aufweisen. Der Frauenteil unter den Anteilseignervertretern im Aufsichtsrat hat sich seit 2001 verachtfacht, befindet sich aber mit 11% auf niedrigem Niveau. Die Daten deuten darauf hin, dass etwa seit vier Jahren Frauen verstärkt berufen wurden und dass sie auch bei geringerer Qualifikation berufen werden als Männer.

Suggested Citation

  • Rieck, Christian & Bendig, Helena & Hünnemeyer, Julius & Nitzsche, Lisa, 2012. "Diversität im Aufsichtsrat: Studie über die Zusammensetzung deutscher Aufsichtsräte," Working Paper Series 01, Frankfurt University of Applied Sciences, Faculty of Business and Law.
    • Handle: RePEc:zbw:fhfwps:01
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/74466/1/746944276.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Benjamin E. Hermalin & Michael S. Weisbach, 1988. "The Determinants of Board Composition," RAND Journal of Economics, The RAND Corporation, vol. 19(4), pages 589-606, Winter.
    2. Fauver, Larry & Fuerst, Michael E., 2006. "Does good corporate governance include employee representation? Evidence from German corporate boards," Journal of Financial Economics, Elsevier, vol. 82(3), pages 673-710, December.
    3. Buchwald, Achim, 2011. "Welche Unternehmen berufen Vorstandsvorsitzende und andere Vorstände als externe Kontrolleure? Eine empirische Analyse der Präsenz von externen Vorständen in den Aufsichtsräten deutscher Großunternehm," Discussion Papers of the Institute for Organisational Economics 3/2011, University of Münster, Institute for Organisational Economics.
    4. Nicholas van der Walt & Coral Ingley, 2003. "Board Dynamics and the Influence of Professional Background, Gender and Ethnic Diversity of Directors," Corporate Governance: An International Review, Wiley Blackwell, vol. 11(3), pages 218-234, July.
    5. Benjamin E. Hermalin & Michael S. Weisbach, 2003. "Boards of directors as an endogenously determined institution: a survey of the economic literature," Economic Policy Review, Federal Reserve Bank of New York, vol. 9(Apr), pages 7-26.
    6. Ingolf Dittmann & Ernst Maug & Christoph Schneider, 2010. "Bankers on the Boards of German Firms: What They Do, What They Are Worth, and Why They Are (Still) There," Review of Finance, European Finance Association, vol. 14(1), pages 35-71.
    7. Balsmeier, Benjamin & Buchwald, Achim & Peters, Heiko, 2009. "Auswirkungen von Mehrfachmandaten deutscher Vorstands- und Aufsichtsratsvorsitzender auf den Unternehmenserfolg," Working Papers 01/2009, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    8. Point, Sébastien & Singh, Val, 2003. "Defining and Dimensionalising Diversity:: Evidence from Corporate Websites across Europe," European Management Journal, Elsevier, vol. 21(6), pages 750-761, December.
    9. Winfried Ruigrok & Simon Peck & Sabina Tacheva, 2007. "Nationality and Gender Diversity on Swiss Corporate Boards," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(4), pages 546-557, July.
    Full references (including those not matched with items on IDEAS)

    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. Kathrin Johansen & Saskia Laser & Doris Neuberger & Ettore Andreani, 2017. "Inside or outside control of banks? Evidence from the composition of supervisory boards," European Journal of Law and Economics, Springer, vol. 43(1), pages 31-58, February.
    2. Buchwald, Achim, 2015. "Competition, outside directors and executive turnover: Implications for corporate governance in the EU," DICE Discussion Papers 174, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    3. Cristi A. Gleason & Sascha Kieback & Martin Thomsen & Christoph Watrin, 2021. "Monitoring or payroll maximization? What happens when workers enter the boardroom?," Review of Accounting Studies, Springer, vol. 26(3), pages 1046-1087, September.
    4. Naeem Tabassum & Satwinder Singh, 2020. "Corporate Governance and Organisational Performance," Springer Books, Springer, number 978-3-030-48527-6, June.
    5. Felix Meyerinck & David Oesch & Markus Schmid, 2016. "Is Director Industry Experience Valuable?," Financial Management, Financial Management Association International, vol. 45(1), pages 207-237, March.
    6. Balsmeier, Benjamin & Bermig, Andreas & Dilger, Alexander, 2013. "Corporate governance and employee power in the boardroom: An applied game theoretic analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 91(C), pages 51-74.
    7. Drobetz, Wolfgang & von Meyerinck, Felix & Oesch, David & Schmid, Markus, 2014. "Board Industry Experience, Firm Value, and Investment Behavior," Working Papers on Finance 1401, University of St. Gallen, School of Finance, revised Dec 2015.
    8. Nguyen, Bang Dang & Nielsen, Kasper Meisner, 2010. "The value of independent directors: Evidence from sudden deaths," Journal of Financial Economics, Elsevier, vol. 98(3), pages 550-567, December.
    9. Buchwald, Achim, 2012. "Welche Unternehmen berufen Vorstandsvorsitzende und andere Vorstände als externe Kontrolleure? Eine empirische Analyse der Präsenz von externen Vorständen in den Aufsichtsräten deutscher Grossunterneh," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 66(2), pages 93-126.
    10. Andreani, Ettore & Dummann, Kathrin & Neuberger, Doris, 2009. "Composition of supervisory boards in Germany: Inside or outside control of banks?," Thuenen-Series of Applied Economic Theory 103, University of Rostock, Institute of Economics.
    11. Bedelev, Bogdan, 2023. "The more, the better? Diversification Trends in Executive and Supervisory Boards in Germany and their Potential Effects," Junior Management Science (JUMS), Junior Management Science e. V., vol. 8(3), pages 569-590.
    12. Vafeas, Nikos & Vlittis, Adamos, 2019. "Board executive committees, board decisions, and firm value," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 43-63.
    13. Panagiotis Staikouras & Christos Staikouras & Maria-Eleni Agoraki, 2007. "The effect of board size and composition on European bank performance," European Journal of Law and Economics, Springer, vol. 23(1), pages 1-27, February.
    14. Alexander Merz, 2020. "Expensing performance-vested executive stock options: is there underreporting under IFRS 2?," Journal of Business Economics, Springer, vol. 90(3), pages 461-493, April.
    15. Alley Ibrahim S. & Adebayo Abimbola L. & Oligbi Blessing O., 2016. "Corporate Governance and Financial Performance Nexus: Any Bidirectional Causality?," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 50(1), pages 82-99, June.
    16. Florence Villesèche & Evis Sinani, 2023. "From Presence to Influence: Gender, Nationality and Network Centrality of Corporate Directors," Work, Employment & Society, British Sociological Association, vol. 37(2), pages 486-504, April.
    17. Berger, Allen N. & Kick, Thomas & Schaeck, Klaus, 2014. "Executive board composition and bank risk taking," Journal of Corporate Finance, Elsevier, vol. 28(C), pages 48-65.
    18. Leslie Eldenburg & Benjamin E. Hermalin & Michael S. Weisbach & Marta Wosinska, 2001. "Hospital Governance, Performance Objectives, and Organizational Form," NBER Working Papers 8201, National Bureau of Economic Research, Inc.
    19. Saha Rupjyoti & Kabra Kailash Chandra, 2019. "Does corporate governance influence firm performance? Evidence from India," Economics and Business Review, Sciendo, vol. 5(4), pages 70-89, December.
    20. Renee B. Adams & Benjamin E. Hermalin & Michael S. Weisbach, 2010. "The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey," Journal of Economic Literature, American Economic Association, vol. 48(1), pages 58-107, March.

    More about this item

    Keywords

    Diversität; Aufsichtsratsstruktur; DAX-Unternehmen; Corporate Governance; Anteilseignervertreter; Arbeitnehmervertreter; Aufsichtsratsmitglieder;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:zbw:fhfwps:01. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/fwfhfde.html .

    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.