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