The DOI matches its Crossref record; 271 of the 271 references it cites were found in a registry or an index.
Glass Breaking, Strategy Making, and Value Creating: Meta-Analytic Outcomes of Women as CEOs and TMT members
Abstract
We conduct a comprehensive synthesis of the research on how female representation in the upper echelons (i.e., top management teams and chief executive officer positions) might affect firm performance. To help resolve longstanding theoretical, empirical, and substantive debates, we present an integrative conceptual framework based on the overarching concepts of unique resource portfolios, team decision-processes, and role incongruence perceptions. We test predictions from this framework using meta-analytic techniques on a sample of 146 primary studies conducted in 33 different countries. We find that female representation in the upper echelons in general is positively and weakly related to forms of long-term financial performance, but negatively and weakly related to short-term stock market returns. We observe that reduced strategic risk-taking is a mediating mechanism that explains why financial performance is improved. We also show that financial performance improvements are accentuated in environmental and organizational contexts that provide greater decision latitude to executives. Finally, we discuss and provide preliminary tests for extending these effects to other stakeholders (corporate social performance) and different time intervals for performance.
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Cited by
Board Characteristics and Corporate Social Responsibility: A Meta-Analytic Investigation
Endrikat, J., de Villiers, C., Guenther, T. W., & Guenther, E. M. (2021) · Business & Society · doi:10.1177/0007650320930638 · Cited by 319
A large‐scale field experiment on occupational gender segregation and hiring discrimination
Adamovic, M., & Leibbrandt, A. (2023) · Industrial Relations: A Journal of Economy and Society · doi:10.1111/irel.12318 · Cited by 35
Green at the Top: How CEOs’ Environmental Experience Shapes ESG Performance in Chinese Firms
Lai, Z., Lian, Y., Zhao, F., & Zheng, Y. (2025) · International Review of Economics & Finance · doi:10.1016/j.iref.2025.104451 · Cited by 17
Atz, U., Van Holt, T., Liu, Z. Z., & Bruno, C. (2021) · doi:10.2139/ssrn.3919652 · Cited by 13
Metadata
- Authors
- Jeong, S.-H., & Harrison, D. A.
- Venue
- Academy of Management Journal
- Publisher
- Academy of Management
- Published
- 2017-08
- Volume
- 60
- Issue
- 4
- Pages
- 1219-1252
- ISSN
- 0001-4273 (ISSN-L)
- 1948-0989
- OpenAlex
- W2414213196
- Cited by
- 429
- References
- 271
- FWCI
- 45.60
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.