Abstract
This study analyzes the glass cliff phenomenon with performance data of listed firms in Germany and the United Kingdom from 2005 to 2015, allowing for the analysis of national culture and the historical event of the financial crisis as potential moderators of the glass cliff. The German sample comprises all women and men promoted to management boards of firms listed in the DAX-30, MDAX, SDAX and TecDAX; the British sample consists of all women and men promoted to the boards of FTSE 100 firms during the same period. Firms’ performance is monitored for two years before new board members are appointed. The results are consistent in both countries: If their performance declines, firms more likely promote men to their management boards. Thus, there is no evidence for a glass cliff in corporate contexts.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
