2021
DOI: 10.1007/s10551-021-04898-x
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Female Representation on Corporate Boards in Europe: The Interplay of Organizational Social Consciousness and Institutions

Abstract: We examine the role of alignment between organizational social consciousness and the informal and formal institutions of a country in increasing female representation on boards. Using fixed-effects and Hausman Taylor regression methodology for endogenous covariate with panel data for the years 2006-2020, we find that the greater the alignment between organizational social consciousness and certain formal (i.e., a gender quota) and informal (i.e., high gender equality) institutions, the more progress there is t… Show more

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Cited by 13 publications
(9 citation statements)
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References 113 publications
(165 reference statements)
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“…Higher compensation might motivate the TMT to target corporate sustainability (Berrone & Gomez-Meija, 2009), so we note the average remuneration paid to the TMT. The presence of female executives might also increase sustainability efforts (Clark et al, 2021), and accordingly, we control for TMT gender diversity using a dichotomous variable, equal to 1 if at least one woman sits on the TMT (Buallay et al, 2022; Zajac & Westphal, 1996). We present all the variable definitions in Table 1.…”
Section: Context Data and Resultsmentioning
confidence: 99%
“…Higher compensation might motivate the TMT to target corporate sustainability (Berrone & Gomez-Meija, 2009), so we note the average remuneration paid to the TMT. The presence of female executives might also increase sustainability efforts (Clark et al, 2021), and accordingly, we control for TMT gender diversity using a dichotomous variable, equal to 1 if at least one woman sits on the TMT (Buallay et al, 2022; Zajac & Westphal, 1996). We present all the variable definitions in Table 1.…”
Section: Context Data and Resultsmentioning
confidence: 99%
“…(Boachie, 2021) Women in Board "Ratio between the number of women on the board and the total number of directors". (Clark et al, 2021;Arora, 2022) Board Busyness "Board Busyness divided by the total number of board directors". (Mohapatra and Mishra, 2021) Board Independence "Percentage of independent directors on the board".…”
Section: Independent Variablementioning
confidence: 99%
“…García-Sánchez et al (2021) believe there is a need to require a minimum number of female directors. In Europe, gender quotas were positively associated with high gender equality and social consciousness (Clark et al , 2022). Groysberg and Bell (2013) found that support for quotas was higher (lower) in countries with (without) quotas.…”
Section: Literature Reviewmentioning
confidence: 99%