The authors thank members of the Work, Pensions and Labour Economics (WPEG) study group, participants at the European Association for Research in Industrial Economics' (EARIE) Annual Conference (2013) and the referees for helpful comments. The authors also thank Manifest Information Services Ltd and Guy Callaghan for the provision of data support. Brian Main acknowledges research support under ESRC Grant: RES-062-23-0904.
Appointments, Pay and Performance in UK Boardrooms by Gender
Article first published online: 24 FEB 2014
© 2013 Royal Economic Society
The Economic Journal
Volume 124, Issue 574, pages F109–F128, February 2014
How to Cite
Gregory-Smith, I., Main, B. G.M. and O'Reilly, C. A. (2014), Appointments, Pay and Performance in UK Boardrooms by Gender. The Economic Journal, 124: F109–F128. doi: 10.1111/ecoj.12102
- Issue published online: 24 FEB 2014
- Article first published online: 24 FEB 2014
- Accepted manuscript online: 29 OCT 2013 10:00PM EST
- ESRC. Grant Number: RES-062-23-0904.
This article uses UK data to examine issues regarding the scarcity of women in boardroom positions. The article examines appointments, pay and any associated productivity effects deriving from increased diversity. Evidence of gender-bias in the appointment of women as non-executive directors is found together with mixed evidence of discrimination in wages or fees paid. However, the article finds no support for the argument that gender diverse boards enhance corporate performance. Proposals in favour of greater board diversity may be best structured around the moral value of diversity, rather than with reference to an expectation of improved company performance.