Gertsberg, Marina; Mollerstrom, Johanna; Pagel, Michaela - 2022
We study shareholder support for corporate board nominees before and after the 2018 California gender quota. Pre-quota …. Post-quota, as the number of women increased, support for new (mandated) female nominees decreased to the same level of …, but not lower than, the support that new male nominees enjoy. Still, share prices reacted negatively to the quota. We show …