Women in the Boardroom and Cultural Beliefs about Gender Roles
51 Pages Posted: 29 Oct 2018 Last revised: 3 Nov 2018
Date Written: October 9, 2018
We ask whether regional attitudes towards gender roles impact the prevalence of women in corporate leadership. 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.
Keywords: gender gap; women executives; women board members
JEL Classification: G30, J16, J70, Z1
Suggested Citation: Suggested Citation