2017
DOI: 10.1080/13504851.2017.1380283
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The daughter effect: do CEOs with daughters hire more women to their board?

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Cited by 27 publications
(20 citation statements)
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“…Firms led by CEOs who have daughters have been shown to adopt more socially and environmentally progressive corporate policies (Cronqvist and Yu 2017). Such firms are also more likely to appoint female directors to their boards than are firms whose CEOs have no daughters (Dasgupta et al 2018). Venture capital firms led by senior partners who have daughters are also more likely to hire female partners (Gompers and Wang 2017), with positive consequences for overall firm performance.…”
Section: The Transformative Nature Of Parenthood and Other Forms Of Kmentioning
confidence: 99%
“…Firms led by CEOs who have daughters have been shown to adopt more socially and environmentally progressive corporate policies (Cronqvist and Yu 2017). Such firms are also more likely to appoint female directors to their boards than are firms whose CEOs have no daughters (Dasgupta et al 2018). Venture capital firms led by senior partners who have daughters are also more likely to hire female partners (Gompers and Wang 2017), with positive consequences for overall firm performance.…”
Section: The Transformative Nature Of Parenthood and Other Forms Of Kmentioning
confidence: 99%
“…There are several insights from our work. Firstly, we investigate laypeople instead of people of high social status, such as CEOs (Cronqvist and Yu, 2017;Dasgupta et al, 2018;Wang et al, 2019), members of congress (Washington, 2008), or judges (Glynn and Sen, 2015). This would be consequential if parental investment in sons and daughters might depend on the social status of the parent (Conley and Rauscher, 2013;Trivers and Willard, 1973).…”
Section: Discussionmentioning
confidence: 99%
“…Assuming there is a premium from investing in sin stocks (Hong and Kacperczyk, 2009) and women are more likely to exclude them from portfolios, this would lead women to have lower returns from their stock portfolios (e.g., in pension funds, mutual funds, or stocks held directly) than men. Another example of increased sensitivity to externalities or other-preferences is the existence of a "daughter effect" in corporate decisions: firms in which the CEO has a daughter have higher corporate social responsibility scores (Cronqvist and Yu, 2017), and hire more women to their boards (Dasgupta et al, 2018;Wang et al, 2019), compared to firms in which the CEO does not have a daughter. Crucially, such effects are not related to parenting sons, suggesting that this effect is driven by the internalization of preferences of children of a different gender than that of the decision maker, and is not due to having children in general.…”
Section: Introductionmentioning
confidence: 99%
“…Research shows that CEOs with daughters are more likely to hire new female directors; 12 and that male chief executives with daughters are more likely to champion gender diversity. 13 The "daughter effect" applies to both male and female leaders.…”
Section: Becoming a Parentmentioning
confidence: 99%