Strength in numbers or guilt by association? Intragroup effects of female chief executive announcements

Heather R. Dixon‐Fowler · Alan E. Ellstrand · Jonathan Lewis Johnson

64 citations0/0 files storedStrategic Management Journal

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Gender Diversity and Inequality Corporate Finance and Governance Corporate Identity and Reputation

Abstract

We predict that the media reports on female CEOs as a coherent group, whereas male CEOs are treated as individuals by the media. We also suggest that the resulting investors' perceptions of group entitativity of female‐led firms may not only influence the succession event–performance relationship at the focal firm, but may also have a significant effect on the value of other female‐led companies. Results of a text analysis and an event study of appointments of female CEOs to Fortune 1000 firms provide support for these predictions . Copyright © 2013 John Wiley & Sons, Ltd.

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References

1995Managing Legitimacy: Strategic and Institutional Approaches 1954Nature of Prejudice 2000An Integrative Theory of Intergroup Conflict 1995Institutions and organizations 1988Outside directors and CEO turnover 1996Institutions and Organizations.1996Reputation: Realizing Value from the Corporate Image 2010Handbook of social psychology

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