Journalartikel

Autorenliste: Bechtoldt, Myriam N.; Bannier, Christina E.; Rock, Björn

Jahr der Veröffentlichung: 2019

Seiten: 273-297

Zeitschrift: The Leadership Quarterly: An International Journal of Political, Social and Behavioral Science

Bandnummer: 30

Heftnummer: 3

ISSN: 1048-9843

eISSN: 1873-3409

DOI Link: https://doi.org/10.1016/j.leaqua.2018.11.004

Verlag: Elsevier

Abstract: 
This study analyzes the "glass cliff' phenomenon using performance data from 233 large listed firms in Germany and the United Kingdom collected from 2005 to 2015. We examine these firms' accounting and stock market performance trends prior to the appointments of new board members and the short-term stock market reaction to these appointments. To address endogeneity concerns that may have affected previous glass cliff field research, we apply various matching procedures, perform different panel data analyses and do instrumental variable analyses. We find no support for the idea of the glass cliff: Before the appointment of female executives, the performance trend in German or British companies is no more negative than in companies that select male managers.

Harvard-Zitierstil: Bechtoldt, M., Bannier, C. and Rock, B. (2019) The glass cliff myth? - Evidence from Germany and the UK, The Leadership Quarterly: An International Journal of Political, Social and Behavioral Science, 30(3), pp. 273-297. https://doi.org/10.1016/j.leaqua.2018.11.004

APA-Zitierstil: Bechtoldt, M., Bannier, C., & Rock, B. (2019). The glass cliff myth? - Evidence from Germany and the UK. The Leadership Quarterly: An International Journal of Political, Social and Behavioral Science. 30(3), 273-297. https://doi.org/10.1016/j.leaqua.2018.11.004