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Female Presence on Corporate Boards: A Multi-Country Study of Environmental Context

Author

Listed:
  • Siri Terjesen

    (Queensland University of Technology and Max Planck Institute of Economics, Jena)

  • Val Singh

    (Cranfield University)

Abstract
A growing body of ethics research investigates gender diversity and governance on corporate boards, at individual and firm levels, in single country studies. In this study, we explore the environmental context of female representation on corporate boards of directors, using data from forty-three countries. We suggest that women’s representation on corporate boards may be shaped by the larger environment, including the social, political and economic structures of individual countries. We use logit regression to conduct our analysis. Our results indicate that countries with higher representation of women on boards are more likely to have women in senior management and more equal ratios of male to female pay. However, we find that countries with a longer tradition of women’s political representation are less likely to have high levels of female board representation.

Suggested Citation

  • Siri Terjesen & Val Singh, 2008. "Female Presence on Corporate Boards: A Multi-Country Study of Environmental Context," Jena Economics Research Papers 2008-009, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2008-009
    as

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    File URL: https://oweb.b67.uni-jena.de/Papers/jerp2008/wp_2008_009.pdf
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    References listed on IDEAS

    as
    1. Kristy Eastough & Paul W. Miller, 2004. "The Gender Wage Gap in Paid‐ and Self‐Employment in Australia," Australian Economic Papers, Wiley Blackwell, vol. 43(3), pages 257-276, September.
    2. Francine D. Blau & Lawrence M. Kahn, 2003. "Understanding International Differences in the Gender Pay Gap," Journal of Labor Economics, University of Chicago Press, vol. 21(1), pages 106-144, January.
    3. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Corporate Boards; Environmental Context; Female Directors; Gender; Multi-country; Pay Gap; Political Representation;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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