Annual reports from a sample of Fortune 500 firms were examined to deter
mine male and female depiction in those reports. Parity indices were com
puted to relate male/female representation in the reports to male/female re
presentation in the labor force. The parity indices were correlated with report
readers' perceptions of corporate climate, measured by a nine-item Likert
type scale. Perceptions of corporate climate bore little relationship to male
representation in the annual reports. However, as visibility of females in
creased, participants tended to rate corporate climate more favorably.
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