What prevents women from reaching the top?

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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date

2022-09-01

Department

Department of Finance

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Language

en

Pages

28

Series

Financial Management, Volume 51, issue 3, pp. 711-738

Abstract

We use rich data on all business, economics, and engineering graduates in Sweden to study the lack of women among chief executive officers (CEOs). A comprehensive battery of graduates’ characteristics explains 40% of the gender gaps in CEO appointments and 60% among graduates with children. The explanatory power mostly comes from absences and unemployment, which are about twice as likely for women as men. These gender differences increase following childbirth, and they persist in the long run. We present and discuss potential explanations to the explained and remaining gaps. Although the large unexplained share makes it hard to pinpoint the exact reason for the gender gap in CEO appointments, the large contribution of labor market attachment to the explained share suggests work–family trade-offs are an important part of the story.

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Publisher Copyright: © 2022 The Authors. Financial Management published by Wiley Periodicals LLC on behalf of Financial Management Association International

Keywords

CEOs, family, gender gap, labor market attachment, qualifications

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DOI

10.1111/fima.12390

Citation

Keloharju, M, Knüpfer, S & Tåg, J 2022, ' What prevents women from reaching the top? ', Financial Management, vol. 51, no. 3, pp. 711-738 . https://doi.org/10.1111/fima.12390

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https://urn.fi/URN:NBN:fi:aalto-202209285778

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[article-cris] Kauppakorkeakoulu / BIZ