Abstract
I construct a novel data set on the children to individual blockholders in publicly listed Swedish companies and study how they influence the firm. Conditioning on the total number of children to rely on random variation, I show that having more daughters makes the firm adopt more environment-friendly policies. This indicates that child-to-parent influence documented elsewhere matters also in large companies. To further understand the mechanisms behind this, I show that offspring gender has little ifany effect on the appointments of women as directors or CEO, and that the adjustment in the gender composition of the board that I observe is dueto adult daughters becoming directors.