Bøhren, Øyvind; Staubo, Siv - In: Journal of Corporate Finance 28 (2014) C, pp. 152-168
Norway is the first, and so far the only, country to mandate a minimum fraction of female and male directors on corporate boards. We find that after a new gender balance law surprisingly stipulated that the firm must be liquidated unless at least 40% of its directors are of each gender, half the...