{"title":"Value creation through executive diversity","authors":"Dana L. Haggard, K. S. Haggard","doi":"10.1108/IJOTB-20-02-2017-B001","DOIUrl":null,"url":null,"abstract":"We examined stock market reactions to announcements of CEO appointments as a proxy for the perceived value created by these appointments. We examined differences in market reactions to the appointments of minority and women CEOs compared to white males. Our results indicate additional value creation through the appointment of African- American CEOs, but not through the appointment of female or Hispanic CEOs. We provide a potential explanation for this differential valuation of differing types of diversity.","PeriodicalId":35239,"journal":{"name":"International Journal of Organization Theory and Behavior","volume":"20 1","pages":"141-160"},"PeriodicalIF":0.0000,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/IJOTB-20-02-2017-B001","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Organization Theory and Behavior","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/IJOTB-20-02-2017-B001","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 2
Abstract
We examined stock market reactions to announcements of CEO appointments as a proxy for the perceived value created by these appointments. We examined differences in market reactions to the appointments of minority and women CEOs compared to white males. Our results indicate additional value creation through the appointment of African- American CEOs, but not through the appointment of female or Hispanic CEOs. We provide a potential explanation for this differential valuation of differing types of diversity.
期刊介绍:
The International Journal of Organization Theory and Behavior brings together researchers and practitioners, both within and outside the United States, who are in the areas of organization theory, management, development, and behavior. This journal covers all private, public and not-for-profit organizations’ theories and behavior.