Using the natural experiment created by France's 2011 board gender-quota law, we find that the presence of women on boards increases firms’ environmental and social (E&S) performance. Our results are robust to controlling for several directors’ observable characteristics and proxies for...

We develop a model of implicitly biased decision-making in competitive promotions. In our model, a decision-maker needs to choose who to promote to a top position. The decision-maker always prefers a skilled agent over an unskilled one but is biased in favour of agents from a certain group when...