What types of companies have female directors? Evidence from Japan

Masayuki Morikawa

Japan and the World Economy, 2016, vol. 37-38, 1-7

Abstract: Japan is known for its low level of female engagement in senior positions. This study analyzes the determinants of the presence and number of female directors among Japanese companies. We find that, first, listed and long-established companies, subsidiaries of parent companies, and unionized companies tend not to have female directors. Second, owner-managed companies are likely to have female directors and CEOs. Third, we find no evidence of tokenism among Japanese companies, whereby female-led companies do not appoint additional females as directors. To increase the number of female executives and directors substantially, creation of new businesses is essential.

Keywords: Female director; Board diversity; Tokenism; Owner-managed company (search for similar items in EconPapers)
JEL-codes: G32 G34 J71 M12 M51 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:37-38:y:2016:i::p:1-7

DOI: 10.1016/j.japwor.2015.09.001

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