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Erschienen in: Schmalenbach Business Review 3-4/2016

19.08.2016 | Original Article

Do Political Parties Play Dirty in the Discussion on Gender Balanced Boards? Evidence from Germany

verfasst von: Michael Olbrich, Anna E. Nikolis, David J. Rapp, Katrin V. Weber

Erschienen in: Schmalenbach Business Review | Ausgabe 3-4/2016

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Abstract

Bar a few exceptions, the impact of political parties on corporate governance regulation has largely been ignored in research. The current paper aims to narrow that research gap by investigating the motives of parties involved in political discussions on corporate governance. Do the parties’ positions stem from the quest for general welfare, as they claim in their platforms, or from the ambition to maximize votes, as assumed by the Spatial Theory of party behavior in Rational Choice? We analyze the positions taken on the issue of gender balanced composition of supervisory and executive boards by six German political parties. Our findings cast doubt on the parties’ claim to act in the public interest and suggest their actual motive is the maximization of votes.

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1
In addition, a party that strives for the maximization of general welfare can be in favor of activities to increase gender diversity in the boardroom not with regard to the business case but to enhance social justice and equal opportunities (moral justice case) (Fondas and Sassalos 2000, p. 21; Terjesen et al. 2009, p. 320). We will revisit this motive when sketching the possible positioning of welfare maximizing parties in Section 2.3.
 
2
Baron and Kenny (1986, p. 1174) define a moderator as a “variable that affects the direction and/or strength of the relation between an independent […] variable and a dependent […] variable.”
 
3
Studies with inconsistent findings are listed more than once in the table.
 
4
However, the promotion of rules to decrease diversity is strictly speaking just a hypothetical thought, since such action would infringe German anti-discrimination laws.
 
5
Those with an incorporated legal status (Aktiengesellschaft, Kommanditgesellschaft auf Aktien) must have a supervisory board, others, especially limited liability corporations (Gesellschaft mit beschränkter Haftung) are permitted to have one.
 
6
For example, our inquiry in the morgues of nationwide German newspapers using the search term “Frauenquote” (“female quota”) found 2264 hits from 1993 to May 2015 in the “Frankfurter Allgemeine Zeitung,” 299 hits from April 2014 to May 2015 in the “Süddeutsche Zeitung” and 611 hits from 2011 to May 2015 in “Die Tageszeitung.” (The periods vary due to different search options in the newspapers’ morgue websites.).
 
7
According to the commercial register, Union Umschau media Verlags-, Werbe- und Servicegesellschaft mbH had a supervisory board, but we could not find any information on its members.
 
8
That is, incorporations or limited liability corporations with more than 2000 employees.
 
9
That is, incorporations or limited liability corporations with more than 500 employees.
 
10
The percentage of shares is rounded up to two decimal places.
 
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Metadaten
Titel
Do Political Parties Play Dirty in the Discussion on Gender Balanced Boards? Evidence from Germany
verfasst von
Michael Olbrich
Anna E. Nikolis
David J. Rapp
Katrin V. Weber
Publikationsdatum
19.08.2016
Verlag
Springer International Publishing
Erschienen in
Schmalenbach Business Review / Ausgabe 3-4/2016
Print ISSN: 1439-2917
Elektronische ISSN: 2194-072X
DOI
https://doi.org/10.1007/s41464-016-0017-4

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