Table 2. Percentage of women in...

Table 2.

Percentage of women in executive committees and in line management, OLS analysis (models A and B), probability of female CEO and logistic regression (model C)

	% of women in executive committees				% of women in line management				Female CEO
	Model A1		Model A2		Model B1		Model B2		Marginal effects Model C1		Marginal effects Model C2
	β	SE	β	SE	β	SE	β	SE	%	SE	%	SE
Company type
Non-CBQ companies (ref)
CBQ_Listed	−3.80	2.76	6.09	3.31	−3.28	3.09	−8.42*	3.66	−1.00	5.93	−9.97	6.71
CBQ_Cooperatives	−5.14	4.51	−7.29	4.82	−10.40*	5.05	−15.22**	5.32	−4.85	7.50	−12.71	7.59
CBQ_State- or Municipality-owned	9.07	4.63	6.99	4.91	13.05*	5.18	8.39	5.42	15.50	12.10	3.79	10.95
Female Chair	11.76**	3.56	11.64**	3.56	17.17***	3.99	16.91**	3.93	21.09*	10.08	19.48*	9.06
Share Women Board (Ex. Dep and Chair)	–	–	0.09	0.07	–	–	0.21*	0.08	–	–	0.47**	0.18
Revenue
Less than 3m NOK (ref)
3–4.999m NOK	−9.15*	4.33	−9.20*	4.32	−6.89	4.84	−6.99	4.78	0.96	10.16	−0.02	10.02
5–9.999m NOK	−3.62	4.38	−3.71	4.37	−5.23	4.90	−5.44	4.83	2.33	10.41	1.74	10.26
10m NOK or more	−5.93	4.67	−5.43	4.68	−4.51	5.22	−3.39	5.17	−1.07	10.43	0.51	10.47
Number board (Ex. Dep.)	1.85**	0.61	1.72**	0.61	1.34*	0.68	1.04	0.68	2.03	1.33	1.98	1.36
Number executive committee	0.02	0.47	0.00	0.47	−0.74	0.52	−0.79	0.52	−0.36	1.08	−0.32	1.01
Constant	19.18***	5.33	18.00**	5.41	19.80**	5.96	17.16**	5.97
N	200		200		200		200		200		200
Adj. R²/Pseudo R²	0.156		0.158		0.160		0.183		0.097		0.142

	% of women in executive committees				% of women in line management				Female CEO
	Model A1		Model A2		Model B1		Model B2		Marginal effectsModel C1		Marginal effectsModel C2
	β	SE	β	SE	β	SE	β	SE	%	SE	%	SE
Company type
Non-CBQ companies (ref)
CBQ_Listed	−3.80	2.76	6.09	3.31	−3.28	3.09	−8.42*	3.66	−1.00	5.93	−9.97	6.71
CBQ_Cooperatives	−5.14	4.51	−7.29	4.82	−10.40*	5.05	−15.22**	5.32	−4.85	7.50	−12.71	7.59
CBQ_State- or Municipality-owned	9.07	4.63	6.99	4.91	13.05*	5.18	8.39	5.42	15.50	12.10	3.79	10.95
Female Chair	11.76**	3.56	11.64**	3.56	17.17***	3.99	16.91**	3.93	21.09*	10.08	19.48*	9.06
Share Women Board(Ex. Dep and Chair)	–	–	0.09	0.07	–	–	0.21*	0.08	–	–	0.47**	0.18
Revenue
Less than 3m NOK (ref)
3–4.999m NOK	−9.15*	4.33	−9.20*	4.32	−6.89	4.84	−6.99	4.78	0.96	10.16	−0.02	10.02
5–9.999m NOK	−3.62	4.38	−3.71	4.37	−5.23	4.90	−5.44	4.83	2.33	10.41	1.74	10.26
10m NOK or more	−5.93	4.67	−5.43	4.68	−4.51	5.22	−3.39	5.17	−1.07	10.43	0.51	10.47
Number board (Ex. Dep.)	1.85**	0.61	1.72**	0.61	1.34*	0.68	1.04	0.68	2.03	1.33	1.98	1.36
Number executive committee	0.02	0.47	0.00	0.47	−0.74	0.52	−0.79	0.52	−0.36	1.08	−0.32	1.01
Constant	19.18***	5.33	18.00**	5.41	19.80**	5.96	17.16**	5.97
N	200		200		200		200		200		200
Adj. R²/Pseudo R²	0.156		0.158		0.160		0.183		0.097		0.142

Notes:

*p < 0.05; **p < 0.01; *** p < 0.001; OLS analysis = ordinary least square analysis; CBQ = corporate board quotas for gender representation; Listed = publicly listed on the stock exchange; Coop = cooperative company; State/Muni = state- or municipality-owned company; non-CBQ = companies without board quotas

Source: Authors’ own work

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