Women on corporate boards around the world: Triggers and barriers |
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| Institution: | 1. University of Birmingham, Birmingham Business School, B15 2TY, Edgbaston, Birmingham, UK;2. Cass Business School, City University London, UK;3. SOAS, London, UK;1. Jepson School of Leadership Studies, 28 Westhampton Way, University of Richmond, VA 23173, USA;2. Social and Organisational Psychology Group, VU University Amsterdam, Van der Boechorststraat 1, 1081 BT Amsterdam, Netherlands;3. Institute for Cognitive and Evolutionary Anthropology, University of Oxford, UK;1. Department of Management, Pamplin College of Business, Virginia Tech, Blacksburg, VA 24061, United States;2. Department of Computer Information Systems & Business Analytics, College of Business, MSC, 0202, James Madison University, Harrisonburg, VA 22807, United States;3. Department of Management and Marketing, College of Arts, Science, Business, & Education, Winston-Salem State University, Winston-Salem, NC 27110, United States;1. School of Hotel Administration, Cornell University, Ithaca, NY 14853-6901;2. School of Business Administration, University of Miami, Coral Gables, FL 33124-9145;1. George Mason University, School of Business, MSN 5F5, 4400 University Drive, Fairfax, VA 22030-4444, USA;2. Hong Kong Baptist University, Kowloon, Hong Kong;3. Xiamen University, Xiamen, Fujian, China |
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| Abstract: | One of the institutions in which the gender gap remains a contestable issue is the board of directors, where the proportion of female directors is still low. While some countries have achieved higher proportions of female directors on their corporate boards, others have not registered even a single one. Drawing on social role theory, that places emphasis on traditional gender activities, this study starts by arguing that board directorship is an agentic role and more suitable for men. The study shows that key social institutions have the potential to alleviate such stereotypical attitudes or to maintain the status quo. Employing a robust statistical technique in two-stage least squares (2SLS), this study finds that the representation of women in other key national institutions, such as in politics, positively affects the appointment of female directors on boards. On the other hand, religiosity has a negative causal effect on female board appointments. |
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