This study investigates gender spillovers from women on supervisory boards to women on management boards in a two-tier system with employee codetermination. The supervisory board consists of a nominating committee mainly responsible for the appointment of directors in the management board. By combining similarity attraction theory with power theory, we predict that only female shareholder representatives who serve on the nominating committee drive the positive effect on the presence of women on management boards. The results of the correlated random effects models in a sample of 95 German codetermined and publicly listed companies (2009–2016) confirm the predicted relationship.

中文翻译：

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从监事会到管理委员会的性别溢出

本研究调查了在员工共同决定的两层系统中，从监事会女性到管理委员会女性的性别溢出。监事会由提名委员会组成，主要负责任命管理委员会的董事。通过将相似性吸引理论与权力理论相结合，我们预测只有在提名委员会任职的女性股东代表才会对女性在董事会中的存在产生积极影响。相关随机效应模型在 95 家德国共同确定和上市公司（2009-2016）样本中的结果证实了预测的关系。