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Beyond 'twokenism': Organizational factors enabling female directors to affect the appointment of a female CEO

机译：超越“双语主义”：使女性董事能够影响一名女首席执行官的组织因素

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摘要

In this article, I examine how a critical mass of female directors affects the likelihood that a firm will appoint a female CEO. Drawing on critical mass perspective, I argue that increasing the number of female directors beyond a certain threshold significantly increases the likelihood that firms will appoint female CEOs. Also, I argue that the positive effect of female board representation on the appointment of a female CEO is stronger when the firm is more open toward gender diversity. I test these arguments by analyzing 3669 CEO succession events in large US firms between 1997 and 2017. Results show that the likelihood of appointing a female CEO increases significantly when a board has at least three female directors. Also, I found that firms’ female-friendliness—which was measured by (1) male directors’ awareness of female CEOs at other firms, (2) gender gap in executive pay, and (3) the proportion of female executives—affects the relationship between female board representation and the likelihood of appointing a female CEO, helping female directors affect the likelihood of appointing a female CEO even when their number is lower than the critical mass.
机译：在本文中，我探讨了一项批判性的女性董事如何影响公司将委任女首席执行官的可能性。绘制批评群众观点，我认为，增加超出某个门槛的女性董事人数显着提高了公司将指定女首席执行官的可能性。此外，我认为，当公司更加开放性别多样性时，女委员会代表对女性首席执行官的任命的积极影响更强。我通过分析1997年至2017年之间的大型美国公司的3669家首席执行官继承事件来测试这些论点。结果表明，当董事会至少有三名女董事时，任命女首席执行官的可能性会显着增加。此外，我发现公司的女性友好性 - 由（1）男性董事对其他公司的女性首席执款人的认识来衡量，（2）行政薪酬的性别差距，以及（3）女性高管的比例 - 影响女委员会代表之间的关系以及任命女首席执行官的可能性，帮助女性董事影响了委任女性首席执行官的可能性，即使它们的数量低于临界质量。

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