Network Connections and Board Seats: Are Female Networks Less Valuable?

• 成果类型: Article; Early Access
• 署名作者: von Essen, Emma; Smith, Nina
• 署名单位: Aarhus University; Stockholm University; Aarhus University; Leibniz Association; Ifo Institut
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/719965
• 发表日期: 2023
• 关键词: Social networks; corporate boards; empirical-evidence; women directors; match quality; job search; gap; positions; TIES; ceo

摘要

We investigate how sizes of professional networks affect the probability of appointment to a supervisory board and whether the effect is gendered. Using an employer-employee data set of the Danish labor market, 1995-2011, we find larger networks to associate with a higher probability of becoming a first-time director. The effect is larger for men. One explanation is that men, compared with women, have more connections to larger and listed firms and to other males-attributes that increase the appointment probability. Women who have connections to incumbent directors before being appointed director have more labor market experience than other directors.