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Women on boards in finance and STEM industries

Adams, Renée B. and Kirchmaier, Thomas ORCID: 0000-0002-8938-2206 (2016) Women on boards in finance and STEM industries. American Economic Review, 106 (5). pp. 1-6. ISSN 0002-8282

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Identification Number: 10.1257/aer.p20161034


We document that women are less represented on corporate boards in Finance and more traditional STEM industry sectors. Even after controlling for differences in firm and country characteristics, average diversity in these sectors is 24% lower than the mean. Our findings suggest that well-documented gender differences in STEM university enrolments and occupations have long-term consequences for female business leadership. The leadership gap in Finance and STEM may be difficult to eliminate using blanket boardroom diversity policies. Diversity policies are also likely to have a different impact on firms in these sectors than in non-STEM sectors.

Item Type: Article
Official URL:
Additional Information: © 2016 AEA
Divisions: Financial Markets Group
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
H Social Sciences > HQ The family. Marriage. Woman
JEL classification: G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers; Acquisitions; Restructuring; Corporate Governance
G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation
I - Health, Education, and Welfare > I2 - Education > I23 - Higher Education Research Institutions
J - Labor and Demographic Economics > J1 - Demographic Economics > J16 - Economics of Gender; Non-labor Discrimination
Date Deposited: 14 Mar 2016 16:16
Last Modified: 29 May 2024 06:09

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