The daughter effect: do CEOs with daughters hire more women to their board?

ABSTRACT

Using a sample of S&P 100 firms, we find that CEOs with a daughter are more likely to hire new women to their board of directors than CEOs without a daughter. Our results provide additional evidence that parents’ attitudes and actions are affected by the gender of their children and that the effect is strong enough to influence important decisions at large corporations.

KEYWORDS:

• Daughter effect
• board of directors
• board diversity

JEL CLASSIFICATION:

• J13
• J21

Disclosure statement

No potential conflict of interest was reported by the authors.