Zusammenfassung
Der Deutsche Corporate Governance Kodex fordert, „bei der Besetzung des Vorstands und Aufsichtsrats auf eine ausreichende Vielfalt“ zu achten. Mit einem Frauenanteil von knapp 4% auf der Kapitalseite deutscher Aufsichtsräte war man von diesem Ziel im Jahr 2007 noch weit entfernt. Diese Studie analysiert, welche Dimensionen der Aufsichtsratszusammensetzung diesen geringen Anteil von Frauen im Aufsichtsrat erklären. Die Analysen umfassen die in den Jahren 1998 bis 2007 im CDAX gelisteten Unternehmen. Es zeigt sich, dass insbesondere die Zugehörigkeit zum eng verflochtenen Netz deutscher Aufsichtsräte einen negativen Effekt auf die Präsenz von Frauen auf der Kapitalseite von Aufsichtsräten hat. Demgegenüber hat der Anteil von Männern, die bereits Erfahrungen mit weiblichen Aufsichtsräten der Kapitalseite gemacht haben, einen positiven Einfluss. Ein solcher positiver Effekt geht auch von Frauen auf der Arbeitnehmerseite aus.
Abstract
The German Corporate Governance Codex stresses adequate consideration in supervisory boards. Empirical data indicates that there is still a long way to go: Currently, in German listed firm only some 4% of supervisory board members are female. Our paper analyses which dimensions of board characteristics (e.g., board networks or codetermination) explain this low portion. Our analyses are based on 44,596 supervisory board member positions and include approximately 600 German listed companies from 1998 to 2007. We find that the probability of having a female shareholder representative increases if the male directors already had the chance to experience a female director and if we can find women among employee representatives. In contrast, it decreases with the degree of centrality of the supervisory board within the “old boys’ network”.
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Wir danken den anonymen Gutachtern für hilfreiche Anmerkungen und Hinweise.
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Oehmichen, J., Steffen, M. & Wolff, M. Der Einfluss der Aufsichtsratszusammensetzung auf die Präsenz von Frauen in Aufsichtsräten. Schmalenbachs Z betriebswirtsch Forsch 62, 503–532 (2010). https://doi.org/10.1007/BF03372834
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DOI: https://doi.org/10.1007/BF03372834