Literature Review Women on boards and in TMTS and firm performance 73 High women s ratios particularly on supervisory boards are more likely to be found in large listed firms DAX and MDAX companies and in Germa ny I assume that many of these firms increased female representation on their supervisory boards in anticipation of a statutory quota as well as due to greater public pressure Very large companies are underrepresented in my sample 14 out of 93 Table 3 5 Female representation on corporate boards Obs 89 89 89 93 89 92 Mean 4 2 0 2 8 9 1 6 0 9 0 7 Std Dev 1 9 0 5 5 6 2 1 1 2 1 2 Min 1 0 0 0 0 0 Max 9 2 21 11 6 5 Percent 4 81 18 12 10 60 8 06 Cum 43 01 77 42 83 87 94 62 98 92 100 00 Variable Executive Board members on executive board thereof female board members Supervisory Board members on supervisory board thereof female board members female shareholder representatives female employee representatives Freq 40 32 6 10 4 1 93 Percent 43 01 34 41 6 45 10 75 4 30 1 08 100 00 Number of employees up to 5 000 5 000 to 25 000 25 000 to 50 000 50 000 to 100 000 100 000 not specified Total companies have more than 50 000 employees only four of them employ more than 100 000 staff By contrast 40 companies surveyed have less than 5 000 employees This distribution possibly lowers the mean value The size of the sample s firms defined by the number of employees is shown in table 3 6 Table 3 6 Workforce size of the sample s companies Gender diversity on corporate boards and in TMTs in practice

Vorschau DIRK-Forschungsreihe Band 21 Workforce diversity and personal policies Seite 73
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