Barriers to Boardrooms

Barriers to Boardrooms

Renee Adams, Tom Kirchmaier

Series number :

Serial Number: 
347/2013

Date posted :

June 01 2015

Last revised :

February 11 2013
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Keywords

  • Boardroom Diversity • 
  • Female Labor Force Participation • 
  • culture • 
  • Quotas • 
  • codes

Boardroom diversity policies link societal and corporate governance objectives. To understand whether they can meet both objectives, we argue one must understand why female directors are relatively underrepresented. We document that boardroom diversity is lower than most surveys suggest.

We then show that across countries and US states there are more women in the director pool when more women work full time. However, working full-time may not be sufficient for women to make it to the top because of economic and cultural barriers. Our evidence suggests current boardroom diversity policies may be less effective when barriers to boardrooms are bigger.

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Published in

Published in: 
Publication Title: 
Asian Finance Association (AsFA) 2013 Conference

Authors

Real name: 
Tom Kirchmaier