Get access

THE IMPACT OF GENDER ON VOLUNTARY AND INVOLUNTARY EXECUTIVE DEPARTURE

Authors

  • JOHN R. BECKER-BLEASE,

    1. Becker-Blease: Assistant Professor, Department of Finance, Washington State University-Vancouver, 14204 NE Salmon Creek Avenue, Vancouver, WA 98686-9600. Phone 1-360-546-9146, Fax 1-360-546-9037, E-mail jblease@vancouver.wsu.edu
    Search for more papers by this author
  • SUSAN ELKINAWY,

    1. Elkinawy: Assistant Professor, Department of Finance and Computer Information Systems, Loyola Marymount University, One LMU Drive, MS 8385, Los Angeles, CA 90045. Phone 1-310-338-2345, Fax 1-310-338-3000, E-mail selkinawy@lmu.edu
    Search for more papers by this author
  • MARK STATER

    1. Stater: Assistant Professor, Department of Economics, Trinity College, 300 Summit Street, Hartford, CT 06106. Phone 1-860-297-2486, Fax 1-860-297-2163, E-mail mark.stater@trincoll.edu
    Search for more papers by this author
    • *

      We wish to thank Marisa Danley, Rachel Horton, Chris Miller, Mary Spencer, and Esther Trefz, for excellent research assistance. Becker-Blease recognizes Washington State University-Vancouver for providing financial support. Elkinawy recognizes Loyola Marymount University for providing a research fellowship. Seminar participants at the California Corporate Finance Conference, the Southern Economic Association, the American Society of Business and Behavioral Sciences, Loyola Marymount University, and Washington State University-Vancouver offered numerous useful comments and suggestions.


Abstract

We examine the frequency and conditions of executive departure from S&P 1500 firms. Based upon published news reports, we find that female executives are more likely than male executives to depart their positions voluntarily and involuntarily in the presence of controls for firm performance, firm governance, and human capital. We also find that women are less likely than men to depart voluntarily as firm size increases or board size decreases but more likely to be dismissed as the board becomes more male dominated. (JEL G30, G32, G34, J44)

Get access to the full text of this article

Ancillary