Ahern, Kenneth R.; Dittmar, Amy K. - In: The Quarterly Journal of Economics 127 (2012) 1, pp. 137-197
In 2003, a new law required that 40% of Norwegian firms' directors be women--at the time only 9% of directors were women. We use the prequota cross-sectional variation in female board representation to instrument for exogenous changes to corporate boards following the quota. We find that the...