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This paper studies economic effects of the gender composition of corporate boards, employing a new and unique longitudinal dataset of virtually all Russian companies whose shares were traded on the national stock market between 1998 and 2014. Using multiple identification approaches, alternative...
Persistent link: https://www.econbiz.de/10012019226
Despite a conventional wisdom that female board members positively impact firm performance, a thorough examination of … the research to date reveals no consensus that female board members have either a positive or negative effect on firm … performance. We build the largest dataset of Australian board appointments assembled to date. We use our data to demonstrate how …
Persistent link: https://www.econbiz.de/10014431554
2007 and has only slowly increased during the period 1997-2007. We test three hypotheses on female board representation … board of directors tend to have significantly fewer other non-staff board members. We find clear evidence of a tokenism … behavior in Danish companies. Having one non-staff woman on the board is negatively related to the chance of hiring another …
Persistent link: https://www.econbiz.de/10010201307
We use a meta-analysis to summarize the recent literature evaluating effects of the introduction of gender quotas on company boards. We collect data from 51 studies on policies implemented in 11 countries from which we extract 496 estimates. The literature considers the effects of quota policies...
Persistent link: https://www.econbiz.de/10015075003
across 41 advanced and emerging European economies. We demonstrate that gender board diversity has generally increased, yet … management boards among both private and public firms: the same factor may exhibit a positive correlation to a management board …, and a negative correlation to a supervisory board, or vice versa. We interpret these findings as evidence that country …
Persistent link: https://www.econbiz.de/10012153629
for corporate board membership. The main aim of these laws is breaking the "glass ceiling" which prevents women from … in gender quota that remain effective for three consecutive board renewals of listed limited liability firms. We link … firm-level information on board membership and board election dates with detailed employment and earnings records from the …
Persistent link: https://www.econbiz.de/10011974388
on gender diversity on boards. We exploit rich, newly assembled board-director matched panel data for Norway and Germany …, when a Norwegian board gender quota came into effect. We present two novel results that challenge previous thinking about … the effects of board gender quotas on women directors. First, we find a positive impact of employee representation before …
Persistent link: https://www.econbiz.de/10013448441
We study the gender pay gap in the labor market for CEOs by analysing 1,174 outsider CEO successions over the past three decades across 18 countries. We find that male and female CEOs receive a similar compensation overall but this masks marked gender differences in the pay structure: namely,...
Persistent link: https://www.econbiz.de/10013471202
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock … Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is … relationship with performance. Board turnover instead is unrelated to performance but is related to the firm's ownership structure …
Persistent link: https://www.econbiz.de/10011318600
foreign and female directors. It also shows that board characteristics are linked to company performance (the market … Russia. Testing for structural breaks in the relationship between board composition and firm performance provides some …
Persistent link: https://www.econbiz.de/10011595577