Article 2, Volume 7 Issue 1

Women with STEM qualifications on supervisory boards. Does a high women quota in supervisory boards influence firm success?

Author

Bettina Binder – (Hochschule Pforzheim)

Received October 31, 2019; accepted December 5, 2019.

Abstract

Many large companies in Europe include mainly men in supervisory boards and the women quota is often lower than 20 %. In Germany an optional women quota of 30 % in supervisory boards was proposed for capital market oriented companies in 2016. Some assume that without a gender quota the earnings of enterprises would shrink as male and female members in supervisory teams do not work in such a harmonized and structured way. Others think that a women quota in supervisory boards should be requested by law and should not remain optional. In this context, conducting research and analyzing the impact of the women’s presence in supervisory boards on the success of companies appear as a necessary topic. The present article looks at the companies of EURO STOXX 50 in the year 2015 and their success and tries to establish whether this success can be related to the percentage of female members in supervisory positions. It replicates in this way the study of Binder, Alonso-Almeida and Bremser (2016) which analyzed the relationship between female’s representation in the management board (executive board) and firm performance (measured by earnings before taxes – EBT) of the EURO STOXX 50 companies in 2014. It is in the same time an extension of the original study as the supervisory board is brought under scrutiny and a closer look at women qualifications, and especially women with STEM qualifications is provided.

Muchas grandes empresas de Europa incluyen principalmente a hombres en los consejos de supervisión y la cuota de mujeres suele ser inferior al 20%. En Alemania, en 2016, se propuso una cuota opcional de mujeres del 30% en los consejos de supervisión para las empresas orientadas al mercado de capitales. Algunos asumen que sin una cuota de género las ganancias de las empresas se reducirían, ya que los miembros masculinos y femeninos de los equipos de supervisión no trabajan de manera tan armonizada y de forma estructurada. Otros piensan que una cuota de mujeres en los consejos de supervisión debería ser exigida por ley y no debería seguir siendo opcional. En este contexto, la realización de investigaciones y el análisis del impacto de la presencia de mujeres en los consejos de supervisión en el éxito de las empresas aparece como un tema necesario. El presente artículo analiza las empresas de EURO STOXX 50 en el año 2015 y su éxito e intenta establecer si este éxito puede estar relacionado con el porcentaje de mujeres socias en puestos de supervisión. Replica de esta forma el estudio de Binder, Alonso-Almeida y Bremser (2016) que analizó la relación entre la representación de la mujer en el consejo de administración y el desempeño de la empresa (medido por los beneficios antes de impuestos – EBT) del EURO STOXX 50 empresas en 2014. Al mismo tiempo, es una extensión del estudio original ya que el consejo de supervisión se somete a escrutinio y se proporciona una mirada más cercana a las calificaciones de las mujeres, y especialmente a las mujeres con calificaciones STEM.

Citation

Binder, B. (2020). Women with STEM qualifications on supervisory boards. Does a high women quota in supervisory boards influence firm success?. European Accounting and Management Review, 7(1), 28-46.

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