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I don’t know what is in the water, but there has been a streak of baby boys born among my friends. It’s pretty exciting as that means more potential friends for my son to grow up around. Although, I know a couple of those moms really wanted girls instead.
I know the PC response is to say that you want a happy and healthy child. Everyone wants that, but who says that you can’t hope for more than those two things? I’ll admit that when my wife first told me that she was pregnant, I thought for sure that we were having a girl. But, I really wanted a boy.
I was so convinced (my wife was not) that I only wanted to discuss girl names, and eventually we settled on one. Soon after, we learned she was carrying a boy. I was shocked to say the least.
But it got me thinking– does having a boy or girl really make a difference? The answer from my research was an overwhelming yes.
Recently, I came across a really interesting study that found that male CEOs, who had a firstborn daughter, led companies where women experienced a salary rise by 1.1%. Men, on the other hand, had their salary raised by 0.6%. On the flip side, when a male CEO had a firstborn son, women’s salaries only rose by 0.8%, while the men’s salaries rose at the same rate of CEOs with a firstborn daughter– 0.6%. Interesting, huh?
These stats seem to indicate that children play a role in affecting parents’ attitudes and behaviors in relation to gender. But that’s not the only thing that researchers have found. They found that male CEOs with only sons and no daughters have a tendency to be more socially and politically conservative, while those with daughters tended to be more liberal. Some people think that having daughters also make male CEOs more nurturing and more protective.
Research further shows that judges with daughters tend to vote more liberally, and congressmen with daughters are more likely to support liberal issues, particularly those concerning women’s rights.
I found all of this information really interesting and wondered how it applied to US President. Looking back at the past Presidents, the last one not to have a daughter was Dwight D. Eisenhower. So the research is a little less clear when applied to the President in terms of leaning liberal or conservative in relation to their children’s genders.
Corporate Social Responsibility
I recently learned about CSR, which stands for Corporate Social Responsibility. If you’re like me and unfamiliar with the term, Business Dictionary defines CSR as:
“A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship
(1) through their waste and pollution reduction processes,
(2) by contributing educational and social programs, and
(3) by earning adequate returns on the employed resources.”
So I know what you’re thinking, what does this have to do with CEOs having daughters? I’m getting there 🙂
Researchers at the University of Miami and China Europe International Business School analyzed the CSR of S&P 500 companies, with an emphasis on the children of CEOs. They found that when a company’s CEO had a daughter, the company scored around 12% higher on CSR ratings and spent about 13.5% more money on CSR.
Why CSR Is So Valuable
Wow, these are huge outlays for multi-billion dollar companies. But guess what? Participants said that they were willing to pay a 10% premium for these products. People want to align themselves with brands that are doing good. It’s why Warby Parker and TOMS have such cult-like followings.
So you would think the more daughters, the higher the CSR rating, right? Not so much. Just having a daughter was what made the most difference. The amount of daughters mattered much less. Most CEOs sampled were around age 57, so many of those men most likely have older, adult children. Those with daughters probably have seen some struggles in the workforce and that could impact their attitudes about equality between the genders.
For those of you with bosses who are expecting, here’s to hoping that they have a girl 🙂
So readers, what do you think? Have you noticed any of these patterns in the workplace? Do you have any firsthand experience with this? Share your thoughts below.