Playing the Boys Game: Golf Buddies and Board Diversity
- (pp. 272-76)
AbstractWe study the participation of women in golf, a predominately male social activity, and its influence on their likelihood of serving on a board of directors. Exploiting a novel dataset of all golfers in Singapore, we find that woman golfers enjoy a 54% higher likelihood of serving on a board relative to male golfers. A woman's probability of serving on the board in a large firm or in a predominately male industry increases by 117% to 125% when she plays golf. Joining the boy's informal network appears to facilitate women's entrance or success in the executive labor market.
Citation2016. "Playing the Boys Game: Golf Buddies and Board Diversity." American Economic Review, 106 (5): 272-76. DOI: 10.1257/aer.p20161033
- G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
- J16 Economics of Gender; Non-labor Discrimination
- M12 Personnel Management; Executives; Executive Compensation
- M51 Personnel Economics: Firm Employment Decisions; Promotions