Drawing upon Cabrera and Thomas-Hunt's (2006) theoretical framework for the advancement of executive women, we identify gender differences in social networks as an important determinant of the relative perceived credibility of men and women and the opportunities for hire and promotion available...

Recently, we have seen an increase in the number of female executives. Little has been done, however, to assess how investors perceive women leaders. This study uses the market-signaling and diversity literatures to link announcements of appointments of top executives with shareholder reactions,...