STRENGTH IN NUMBERS OR GUILT BY ASSOCIATION? INTRAGROUP EFFECTS OF FEMALE CHIEF EXECUTIVE ANNOUNCEMENTS

• 成果类型: Review
• 署名作者: Dixon-Fowler, Heather R.; Ellstrand, Alan E.; Johnson, Jonathan L.
• 署名单位: University of North Carolina; Appalachian State University; University of Arkansas System; University of Arkansas Fayetteville
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2076
• 发表日期: 2013
• 页码: 1488-1501
• 关键词: EXECUTIVE SUCCESSION; female executives; media effects; ENTITATIVITY

摘要

We predict that the media reports on female CEOs as a coherent group, whereas male CEOs are treated as individuals by the media. We also suggest that the resulting investors' perceptions of group entitativity of female-led firms may not only influence the succession event-performance relationship at the focal firm, but may also have a significant effect on the value of other female-led companies. Results of a text analysis and an event study of appointments of female CEOs to Fortune 1000 firms provide support for these predictions. Copyright (c) 2013 John Wiley & Sons, Ltd.