Diversity Narrative and Equity in Firm Leadership

42 Pages Posted: 26 Apr 2023

See all articles by Arka Bandyopadhyay

Arka Bandyopadhyay

New York University

Dat Mai

University of Missouri at Columbia

Kuntara Pukthuanthong

University of Missouri, Columbia

Date Written: April 13, 2023

Abstract

We provide causal evidence that the narrative of diversity from the New York Times articles has nudged the corporations to choose female CEOs to be equitable in terms of gender of firm leadership. This channel is independent of the board gender diversity, which was mandated in 2017 in California and later repealed in 2022. Surprisingly, the diversity narrative channel fails to explain the election of Indian CEOs in several HiTech firms over the last few years. We argue that the election of Indian CEOs was motivated to create a favorable image of Tech firms to Indian and Chinese labor. We conclude that providing equity in firm leadership in terms of ethnic diversity is harder compared to gender diversity.

Keywords: Diversity, Equity, Female CEO, Tech firms, India

Suggested Citation

Bandyopadhyay, Arka Prava and Mai, Dat and Pukthuanthong, Kuntara, Diversity Narrative and Equity in Firm Leadership (April 13, 2023). Available at SSRN: https://ssrn.com/abstract=4418368 or http://dx.doi.org/10.2139/ssrn.4418368

Arka Prava Bandyopadhyay (Contact Author)

New York University ( email )

New York
United States

Dat Mai

University of Missouri at Columbia ( email )

Columbia, MO 65201
United States

HOME PAGE: http://www.maiydat.com/

Kuntara Pukthuanthong

University of Missouri, Columbia ( email )

Robert J. Trulaske, Sr. College of Business
403 Cornell Hall
Columbia, MO 65211
United States
6198076124 (Phone)

HOME PAGE: https://www.kuntara.net/

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
285
Abstract Views
535
Rank
196,961
PlumX Metrics