Politics and Gender in the Executive Suite

Moshe Hazan (), Alma Cohen and David Weiss

No 14513, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This study investigates whether CEOs' political preferences are associated with the representation and compensation of women among non-CEO top executives at U.S. public companies. We find that CEOs who more strongly identify with the Republican party are associated with fewer women in the executive suite. To explore causality, we use an event study approach to show that replacing a Republican with a Democratic CEO increases female representation in the executive suite. Finally, gender gaps in the level and performance-sensitivity of compensation are larger under Republican CEOs. Our results are consistent with no such gaps existing in companies run by Democratic CEOs.

Keywords: Gender diversity; Ceo politics; Executive suite (search for similar items in EconPapers)
JEL-codes: G30 J16 J30 J33 J71 K00 M12 M14 M51 M52 (search for similar items in EconPapers)
Date: 2021-03
New Economics Papers: this item is included in nep-cfn, nep-gen and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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