Abstract
Women's progress in the boardroom has been a point of interest in both research and practice. However, the mechanisms behind their progress remain somewhat of a mystery. In this paper, we use an institutional theory lens to elucidate the mechanisms behind this phenomenon and to further understand how institutional pressures influence the presence of women directors in firms. We tested our hypotheses using panel data of U.S. firms in the S&P Composite 1500 from 1998 to 2005. We found that institutional pressures operate both externally through peer groupings based upon organizational size and industry association and internally through institutionalizing the practice of appointing women directors.
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