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This study examines the issue of gender diversity on boards of firms listed on the New Zealand Stock exchange (NZX). New Zealand was chosen because it has one of the lowest rates of women on public-company boards in the western world, according to data from the Institute of Directors. In...
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We investigate the relation between board gender diversity and firm profitability using the control function (CF) approach recently suggested by Wooldridge (2015). The CF method takes account of the problem of endogenous explanatory variables that have potential to bias the results. Using a...
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