TY - JOUR
T1 - CEO age and CEO gender
T2 - Are female CEOs older than their male counterparts?
AU - Withisuphakorn, Pradit
AU - Jiraporn, Pornsit
N1 - Publisher Copyright:
© 2017 Elsevier Inc.
PY - 2017/8
Y1 - 2017/8
N2 - Motivated by the debate on gender inequality, we study CEO gender and CEO age. Because women face significantly more obstacles in advancing their careers, it may take them longer to reach the top position, i.e. the chief executive officer (CEO). If this is the case, female CEOs should be older than their male counterparts on average. Our evidence shows that female CEOs are actually younger on average, approximately two full years younger than male CEOs, after controlling for firm and board characteristics. The two-year difference represents as much as 26% of the standard deviation in CEO age.
AB - Motivated by the debate on gender inequality, we study CEO gender and CEO age. Because women face significantly more obstacles in advancing their careers, it may take them longer to reach the top position, i.e. the chief executive officer (CEO). If this is the case, female CEOs should be older than their male counterparts on average. Our evidence shows that female CEOs are actually younger on average, approximately two full years younger than male CEOs, after controlling for firm and board characteristics. The two-year difference represents as much as 26% of the standard deviation in CEO age.
UR - http://www.scopus.com/inward/record.url?scp=85008640907&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85008640907&partnerID=8YFLogxK
U2 - 10.1016/j.frl.2016.12.026
DO - 10.1016/j.frl.2016.12.026
M3 - Article
AN - SCOPUS:85008640907
SN - 1544-6123
VL - 22
SP - 129
EP - 135
JO - Finance Research Letters
JF - Finance Research Letters
ER -
