Tunyi, A. orcid.org/0000-0002-5761-931X, Areneke, G., Tob-Ogu, A. et al. (1 more author) (2023) Doing more with more: women on the board and firm employment. Journal of Business Research, 154. 113385. ISSN 0148-2963
Abstract
While corporations play a pivotal social role by creating employment opportunities, managers typically boost profitability during economic downturns by downsizing. Using a panel of US-listed firms from 2007–2016, we explore the impact of female representation on the board of directors (BOD) on firm-level employment. We find that firm-level employment increases while the likelihood of downsizing decreases with BOD female representation. In corroboration, the level of under-staffing, and hence its associated problems, reduces with BOD female representation. The impact of female directors on employment is stronger in the absence of tokenism, more evident during downturns and shaped by female director typology. Importantly, we find that, while over-staffing problems might emerge, overall employee productivity improves with female representation, suggesting that female directors do not sacrifice shareholder value in pursuit of employee interests. Overall, our results suggest that female directors are crucial in promoting employment in society.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2022 The Author(s). Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
Keywords: | Female directors; Firm employment; Downsizing; Under-staffing; Social role theory; Corporate governance |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 26 Oct 2022 13:47 |
Last Modified: | 30 Mar 2023 14:51 |
Status: | Published |
Publisher: | Elsevier |
Refereed: | Yes |
Identification Number: | 10.1016/j.jbusres.2022.113385 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:192142 |