Network Connections and Board Seats: Are Female Networks Less Valuable?

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Abstract

We investigate how sizes of professional networks affect the probability of appointment to a supervisory board and whether the effect is gendered. Using an employer-employee data set of the Danish labor market, 1995–2011, we find larger networks to associate with a higher probability of becoming a first-time director. The effect is larger for men. One explanation is that men, compared with women, have more connections to larger and listed firms and to other males—attributes that increase the appointment probability. Women who have connections to incumbent directors before being appointed director have more labor market experience than other directors.

Original languageEnglish
JournalJournal of Labor Economics
Volume41
Issue2
Pages (from-to)323-360
Number of pages38
ISSN0734-306X
DOIs
Publication statusPublished - Apr 2023

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