Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership
David A. Matsa
Northwestern University - Kellogg School of Management
Amalia R. Miller
University of Virginia - Department of Economics
January 17, 2011
American Economic Review: Papers & Proceedings, Forthcoming
This paper examines the role of women helping women in corporate America. Using a merged panel of directors and executives for large U.S. corporations between 1997 and 2009, we find a positive association between the female share of the board of directors in the previous year and the female share among current top executives. The relationship’s timing suggests that causality runs from boards to managers and not the reverse. This pattern of women helping women at the highest levels of firm leadership highlights the continued importance of a demand-side “glass ceiling” in explaining the slow progress of women in business.
Number of Pages in PDF File: 11
JEL Classification: G34, M51, J16, J71Accepted Paper Series
Date posted: November 16, 2010 ; Last revised: January 28, 2011
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