Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership
David A. Matsa
Amalia R. Miller
American Economic Review
no. 3, May 2011
This paper examines the role of women helping women in corporate America. Using a merged panel of directors and executives for large US corporations between 1997 and 2009, we find a positive association between the female share of the board of directors in the previous year and the female share among current top executives. The relationship's timing suggests that causality runs from boards to managers and not the reverse. This pattern of women helping women at the highest levels of firm leadership highlights the continued importance of a demand-side "glass ceiling" in explaining the slow progress of women in business.
Matsa, David A., and Amalia R. Miller.
"Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership."
American Economic Review,
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Economics of Gender; Non-labor Discrimination
Wage Level and Structure; Wage Differentials
Personnel Management; Executive Compensation