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The board gender diversity imitation game: Uncovering the resistant boards that refuse to play

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dc.contributor.authorMateos de Cabo, Ruth
dc.contributor.authorGimeno, Ricardo
dc.contributor.authorGrau, Pilar
dc.contributor.authorGabaldón, Patricia
dc.contributor.funderMinisterio de Ciencia e Innovación
dc.contributor.funderAgencia Estatal de Investigación
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-08T13:14:11Z
dc.date.available2024-07-08T13:14:11Z
dc.date.issued2024
dc.description.abstractResearch question/issue: This study examines the influence of group behavior on board gender diversity and identifies obstacles to its diffusion. It investigates whether boards are influenced by group behavior in determining their gender composition and explores barriers that impede the diffusion process. Research findings/insights: Analyzing a network of over 18,000 US-listed boards observed over 20 years,we find a pattern of mimetic behavior,whereby boards imitate the proportion of women on boards (WoB) among their directly tied boards. We also identify resistant firms with low representation of women on their boards. Our findings suggest that,among those boards,there are heavily male-dominated boards resisting the appointment of women,even when surrounded by women directors among their tied boards. The diffusion of board gender diversity is slowed down by these resistant boards,hindering the overall progress in increasing gender diversity within the board network. Theoretical/academic implications: This research contributes insights into group behavior and resistance in board gender diversity. Adopting a network theory lens,our study sheds light on interactions between firms and their connected companies in terms of imitation practices. Drawing on social identity theory,we highlight the significance of the resistance to increasing women's representation exhibited by some boards. Practitioner/policy implications: Resistant boards,despite group pressure,slow down the diffusion of board gender diversity within the network,leading to overall stagnation. Understanding the sources of resistance allows an exploration of alternative measures to promote diversity without rigid mandates. © 2024 The Authors. Corporate Governance: An International Review published by John Wiley & Sons Ltd.
dc.description.fundingtypeWe are grateful to Siri Terjesen, Morten Huse, Gabriela Contreras, Paola Profeta, Luis Garcia-Feijoo as well as the participants of AoM, EURAM, ICGS, ASEPELT, World Finance and Boca Conferences and Banco de España, ICADE and Bocconi University seminars for their comments and suggestions. This research has received grant PID2020-114183RB-I00 funded by MCIN/AEI/ 10.13039/501100011033 . Additional funded was provided by Catedra Universidad CEU San Pablo and Mutua Madrileña ( https://www.uspceu.com/investigacion/catedras?investigacion/mutua?madrilena?seguros ) under grant ref: 060516-USPMM-03/18 and by a donation from Karmo Spirit SL. The funders had no role in study design, data collection and analysis, decision to publish or preparation of the manuscript.
dc.description.keywordboard networks
dc.description.keywordcorporate governance
dc.description.keyworddiffusion
dc.description.keywordgroup behavior
dc.description.keywordinterlocking directorates
dc.description.keywordwomen on boards
dc.formatapplication/pdf
dc.identifier.citationMateos de Cabo, R., Gimeno, R., Gabaldón, P., & Grau, P. (2024). The board gender diversity imitation game: Uncovering the resistant boards that refuse to play. Corporate Governance: An International Review.
dc.identifier.doihttps://doi.org/10.1111/corg.12568
dc.identifier.issn9648410
dc.identifier.officialurlhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85184444062&doi=10.1111%2fcorg.12568&partnerID=40&md5=3c40a3237ab88d9a9c73cbb1e7f1f648
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3008
dc.journal.titleCorporate Governance: An International Review
dc.language.isoeng
dc.page.total0
dc.publisherJohn Wiley and Sons Inc
dc.relation.departmentEconomics
dc.relation.entityIE University
dc.relation.projectID060516-USPMM-03/18
dc.relation.schoolIE Business School
dc.rightsAttribution 4,0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectboard networks; corporate governance; diffusion; group behavior; interlocking directorates; women on boards
dc.subject.keywordboard networks
dc.subject.keywordcorporate governance
dc.subject.keyworddiffusion
dc.subject.keywordgroup behavior
dc.subject.keywordinterlocking directorates
dc.subject.keywordwomen on boards
dc.titleThe board gender diversity imitation game: Uncovering the resistant boards that refuse to play
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dspace.entity.typePublication
person.identifier.scopus-author-id8351756800
person.identifier.scopus-author-id8351756900
person.identifier.scopus-author-id56239348900
person.identifier.scopus-author-id14123444900
relation.isAuthorOfPublication5c30c7a8-3f79-428c-9f69-efad93c96980
relation.isAuthorOfPublication.latestForDiscovery5c30c7a8-3f79-428c-9f69-efad93c96980
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