性别与管理层工作流动:被收购企业高管的职业前景

Gender and Managerial Job Mobility: Career Prospects for Executives Displaced by Acquisitions

Journal of Financial and Quantitative Analysis · 2023
被引 12
人大 AFT50ABS 4

中文导读

研究发现,在企业被收购导致约90%高管被解雇时,女性管理者的职位和薪酬下降幅度大于男性,但若收购方高层女性较多或管理者经验丰富,性别差异会缩小。

Abstract

Abstract We investigate how men and women fare in the managerial labor market in the plausibly exogenous circumstance of their firms being acquired when most target-firm managers (about 90%) are displaced. These career disruptions result in a larger drop in rank and compensation for female managers, despite similar job search attributes. Gender differences are mitigated when hiring firms have more women in upper-echelon positions. Rich managerial experience and external board service also reduce gender-related differences. Overall, results point to a (implicit) “gender penalty” in terms of managerial job mobility, but also indicate contexts in which penalty is alleviated, and even reversed.

性别差异管理层职业流动收购后高管更替性别惩罚