A Study Of The Impact Of Corporate Governance Of The Upper Echelon On The Value Of The Firm - A Focus On The Gender Of The Board And Supervisory Board

This paper highlights the results of a research in the subject of sustainability and gender discussion in Germany and is addressed to human resource managers. The paper focuses on the aspect of 'social' in the specific field of gender of the members of the board and the members of the supervisory board. In the study, we analysed the DAX30 companies of Germany in the timeline 2006 to 2014. We found that there are measurable criteria and an effect of gender on the firm's value. In the initial result, we observed a correlation between women in the upper echelon and the firm's value. We found a positive effect. In a second research, we found that there was a gap between men and women, which we referred to as the `gender gap'. This gap is shrinking but it is still quite huge.