"Women in the Boardroom and Cultural Beliefs about Gender Roles"
|Date||23 Nov 2018 (Fri)|
|Time||11:00am - 12:30pm|
|Venue||Rm M714, 7/F, Li Ka Shing Tower, PolyU|
|Authors||R. David McLean (Georgetown University), Christo Pirinsky (University of Central Florida) and Mengxin Zhao (U.S. Securities and Exchange Commission)|
We ask whether the prevalence of women in corporate leadership roles is impacted by regional attitudes towards gender roles. Previous studies show that cross-country differences in gender attitudes are highly persistent and have pre-industrial origins. We find that countries with more gender-egalitarian attitudes have more women on corporate boards. These effects persist through immigration. U.S. firms located in counties with greater portions of their populations originating from gender-egalitarian countries have more women on corporate boards, more women in leadership roles on boards, and more female executives. The effects of culture extend beyond corporate leadership, as greater gender-egalitarianism is associated with high female labor participation, lower gender pay gaps, and greater female participation in STEM jobs.
All are welcome!