Influence of Board Chair and CEO mentoring relationship on Firm Performance
Mahadeo, Jyoti D. dela Rama, M. Wastell, D.
Mahadeo, Jyoti D.
dela Rama, M.
Wastell, D.
Publication Date
2023-09
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(c) 2023 The Authors. Full-text reproduced with author permission.
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Abstract
Decades of scholarly efforts have failed to resolve the underrepresentation of women, in CEO and board-chair positions. This poses a major societal concern as societies are being deprived of the acknowledged positive contributions of women’s leadership. Existing studies have predominantly investigated boards’ monitoring and advisory roles, studies on the mentoring role of boards are scarce. Our study aims to identify why the CEO role remains male dominated; specifically, we investigate whether mentoring is responsible for the continued low numbers of women CEOs in Australia, specifically we study the relationship between a woman CEO and man (or woman) board-chair on the financial performance. We employ a two-stage least squares regression analysis using the Australian Stock Exchange 100 (ASX 100) companies from 2010 to 2020. The findings reveal that mentoring not only exacerbates the gender gap but also perpetuates it within ASX 100 companies.
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Citation
Mahadeo JD, dela Rama M and Wastell D (2023) Influence of Board Chair and CEO mentoring relationship on Firm Performance. British Academy of Management (BAM2023) annual conference. 1-6 Sep 2023. University of Sussex Business School, Brighton, UK.
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Conference paper