Why Does Board Gender Diversity Matter and How Do We Get There? The Role of Shareholder Activism in Deinstitutionalizing Old Boys' Networks

Verfasser / Beitragende:
[Elise Perrault]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 128/1(2015-04-01), 149-165
Format:
Artikel (online)
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100 1 |a Perrault  |D Elise  |u School of Business, College of Charleston, 5 Liberty Street, Suite 328, 29424, Charleston, SC, USA  |4 aut 
245 1 0 |a Why Does Board Gender Diversity Matter and How Do We Get There? The Role of Shareholder Activism in Deinstitutionalizing Old Boys' Networks  |h [Elektronische Daten]  |c [Elise Perrault] 
520 3 |a This essay bridges together social network and institutional perspectives to examine how women on boards, by breaking up directors' homophilous (e.g., all-male) networks, contribute to board effectiveness. It proposes that through real and symbolic representations, women enhance perceptions of the board's instrumental, relational, and moral legitimacy, leading to increased perceptions of the board's trustworthiness which in turn fosters shareholders' trust in the firm. Envisioning the gender diversification of boards as an event of institutional change, this article considers the critical role of shareholder activists and legislative support from the SEC in the deinstitutionalization of old boys' networks and the reinstitutionalization of gender diverse boards. This work is substantiated with evidence obtained through 34 semi-structured interviews, archival and documentary evidence. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Corporate governance  |2 nationallicence 
690 7 |a Corporate boards  |2 nationallicence 
690 7 |a Women on boards  |2 nationallicence 
690 7 |a Board diversity  |2 nationallicence 
690 7 |a Social networks  |2 nationallicence 
690 7 |a Institutional change  |2 nationallicence 
690 7 |a Shareholder activism  |2 nationallicence 
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950 |B NATIONALLICENCE  |P 100  |E 1-  |a Perrault  |D Elise  |u School of Business, College of Charleston, 5 Liberty Street, Suite 328, 29424, Charleston, SC, USA  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 128/1(2015-04-01), 149-165  |x 0167-4544  |q 128:1<149  |1 2015  |2 128  |o 10551