What causes turnover among women on top management teams?

Women have made major inroads in the upper echelons in recent years, and not surprisingly, this trend has caught the attention of researchers in the management discipline. Recent empirical evidence reveals that greater the representation of women on top management teams, higher is the performance of the organization. Representation on the team needs to be investigated in the context of managerial turnover since turnover can have an adverse impact on organizational performance. Most turnover studies have focused on the determinants and consequences of turnover among managers on the top management teams without specifically isolating the effects for men and women. This can partly be attributed to the minimal to negligible presence of women on the teams. However, as women have ascended the top ranks of organizations in large numbers in recent years, it is important to examine what causes them to turnover at twice the rate of male managers as anecdotal evidence reveals. In this study, I examine the factors that cause turnover among women of Fortune 1000 companies. Also, following turnover, I examine the paths of the women managers who left their organizations.     

How much of the world economy is state-owned? Analysis based on the 2005–20 Fortune Global 500 lists

This paper analyzes the share of state-owned enterprises on the Fortune Global 500 lists from 2005 to 2020. The purpose is to answer two research questions—what is the share of SOEs among the world's largest companies, and is this share increasing over the years? Regarding studies of large sets of companies, the novelty of this article is the method in which SOEs were identified—based on the criterion of actual corporate control of the state and not the threshold of state ownership. The results show that the share of SOEs in the group of the world's largest companies is higher than indicated in previous similar studies, and this value has increased significantly over the last 15 years. In 2005, there were 64 SOEs on the list; in 2020, there were 141 (with the highest number—142—in 2015). In this period, the share of SOEs in revenues doubled (to almost 30%), in assets more than tripled and the total number of employees from SOEs from the list more than doubled. However, these increases were almost solely due to the growth of the Chinese economy, which resulted in more Chinese SOEs being included on the list.     

浅析ESOP稀释原有股东财富的原理

从相关的理论观点看来,股份制企业建立ESOP会在一定程度上稀释原有股东的财富,但却对其稀释原有股东财富的原理几乎没有一个全面的分析。本文将以美国现代企业制度条件下的ESOP为例,从六个方面对上述原理加以阐述与分析。     

Sustainability,accountability and corporate governance: exploring multinationals' reporting practices

Recent years have seen a rapid increase in accountability pressures on particularly large global companies. The increased call for transparency comes from two different angles, which show some (potential) convergence in terms of topics and audiences: accountability requirements in the context of corporate governance, which expand to staff‐related, ethical aspects; and sustainability reporting that has broadened from environment only to social and financial issues. This article examines to what extent and how current sustainability reporting of Fortune Global 250 companies incorporates corporate governance aspects. Many multinationals, particularly in Europe and Japan, have started to pay attention to board supervision and structuring of sustainability responsibilities, to compliance, ethics and external verification. While detailed disclosures are not yet common, some notable practices can be found. Underlying dilemmas and complexities for managers in dealing with accountability to shareholders and stakeholders, and the role of auditors, are indicated. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment