ZEW - Centre for European Economic Research

02/20/2023 | Press release | Distributed by Public on 02/20/2023 03:07

Two Reasons Why Women Are Less Likely to Be Promoted to Top Positions // ZEW Study on the Promotion of Women to Top Positions

ZEW Study on the Promotion of Women to Top Positions

Saturation and replacement effects are common hurdles for women who aim to enter into top positions, as proven in a research study conducted by researchers at ZEW Mannheim, the Technical University of Munich and the Federal University of Applied Administrative Sciences. In this study, researchers analysed the gender representation in executive and supervisory boards of more than 3,000 companies in Europe between 2002 and 2019.

"Labour market mechanisms alone will hardly be enough to end gender inequality in top positions," says Professor Hanna Hottenrott, research associate at the ZEW Research Unit "Economics of Innovation and Industrial Dynamics" and professor at the Technical University of Munich. "Women often say they meet invisible and insurmountable obstacles when it comes to promotions to top positions. Our study shows that women face clearly identifiable and direct obstacles which prevent equal representation on executive boards. Structural changes are necessary to initiate changes," she adds.