TY  - RPRT
        AU  - Sekkat, Khalid
AU  - Szafarz, Ariane
AU  - Tojerow, Ilan
        TI  - Women at the Top in Developing Countries: Evidence from Firm-Level Data
        PY  - 2015/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9537
        UR  - https://www.iza.org/publications/dp9537
        AB  - This paper uses worldwide firm-level data to scrutinize the governance factors that favor gender diversity in leadership positions. Our results reveal that the gender of the dominant shareholder is key. The chief executive of firms with a female dominant shareholder has a significantly higher probability of being a woman than in other firms. The effect is even more pronounced when the female shareholder holds a higher share of the capital and when the firm is foreign-owned. Our results suggest that "old boys' club" ownership structures are a major impediment to the empowerment of female talent in developing countries.
        KW  - gender
KW  - diversity
KW  - ownership
KW  - leadership
KW  - CEO
KW  - development
        ER  -