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UID:a4607ed997e0e1fcd10731b77b2740c0
CATEGORIES:Seminars
CREATED:20231212T093005
SUMMARY:Alexandra Niessen-Ruenzi -University of Mannheim
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nThe Importance of Signaling for Women's Careers\n\n\nAbstract:\nWe show
  that signals of leadership qualification are more important for women's ca
 reer advancement than for men's. Specifically, signals of higher education,
  professional experience and access to professional networks increase male 
 directors' probability to enter a leadership position by 5.2%, and their co
 mpensation by 5.7% ($246,900). Female directors with these signals are 11.0
 % more likely to enter a leadership position, and their compensation is 19.
 7% ($796,800) higher. This result is in line with models of screening discr
 imination, in which women need to provide more observable skill signals to 
 counterbalance higher uncertainty about their unobservable qualifications f
 or a leadership position. Supporting this channel, we find that our results
  are stronger if information asymmetries between (mostly) male employers an
 d female candidates are larger: successions after the sudden death of a CEO
 , successions in firms with all-male nomination committees, and outside hir
 es.\n
DTSTAMP:20260530T135347Z
DTSTART:20240404T143000Z
DTEND:20240404T160000Z
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