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Gender quotas in the board room and firm performance : evidence from a credible threat in Sweden

Tyrefors, Björn; Jansson, Joakim - 2017 - This version: 2017-04-05

Board room quotas have recently received an increasing amount of attention. This paper provides novel evidence on firm performance from an exogenous change in female board participation in Sweden. We use the credible threat, aimed at listed firms, of a quota law enacted by the Swedish deputy...

Persistent link: https://www.econbiz.de/10011641946

As California goes, so goes the nation? : the impact of board gender quotas on firm performance and the director labor market

Meyerinck, Felix von; Niessen-Ruenzi, Alexandra; … - 2019

In 2018, California became the first U.S. state to introduce a mandatory board gender quota for all firms headquartered … returns of -2.6% to the adoption of the gender quota for California firms and large spillover effects of -1.9% for non … non-California firms in states that followed California's legislative lead in the past by, e.g., introducing gender quota …

Persistent link: https://www.econbiz.de/10012050886

Does Board Gender Diversity Influence Firm Profitability? A Control Function Approach

Dang, Rey - 2020

We investigate the relation between board gender diversity and firm profitability using the control function (CF …

Persistent link: https://www.econbiz.de/10012834426

Gender Diversity in the Boardroom and Firm Performance : What Exactly Constitutes a 'Critical Mass'?

Joecks, Jasmin - 2012

whether the link between gender diversity and firm performance follows a U-shape. Controlling for reversed causality, we find … evidence for gender diversity to at first negatively affect firm performance and – only after a “critical mass” of about 30 …

Persistent link: https://www.econbiz.de/10013110356

Zombie Board : Board Tenure and Firm Performance

Huang, Sterling - 2018

We show that board tenure exhibits an inverted U‐shaped relation with firm value and accounting performance. The quality of corporate decisions, such as M&A, financial reporting quality, and CEO compensation, also has a quadratic relation with board tenure. Our results are consistent with the...

Persistent link: https://www.econbiz.de/10012911293

The Effect of Board Overlap on Firm Behavior

Geng, Heng; Hau, Harald; Michaely, Roni; Nguyen, Binh - 2021

The staggered introduction of Corporate Opportunity Waivers (COWs) in nine US states since 2000 reduced legal risk to directors serving on multiple boards and increased intra-industry board overlap in firms characterized by intensive R&D activity. More board overlap results in a higher return on...

Persistent link: https://www.econbiz.de/10013219245

The Effect of Board Composition and Managerial Pay on Saudi Firm Performance

Al-Faryan, Mamdouh Abdulaziz Saleh - 2021

Using five empirical methodologies to account for endogeneity issues, this study investigates the effects of board independence and managerial pay on the performance of 169 Saudi listed firms between 2007 and the end of 2014. Studying board independence and managerial pay utilises the main...

Persistent link: https://www.econbiz.de/10013227123

Zombie Boards : Board Tenure and Firm Performance

Huang, Sterling - 2018

We show that board tenure exhibits an inverted U-shaped relation with firm value and accounting performance. The quality of corporate decisions, such as M&A, financial reporting quality, and CEO compensation, also has a quadratic relation with board tenure. Our results are consistent with the...

Persistent link: https://www.econbiz.de/10012938408

Effects of Board Reforms on Capital Structure and Corporate Growth Strategy

Min, Byung - 2015

Debt-ridden corporate growth and increased vulnerability was one of the causes of the 1997 financial crisis in Korea. Introduction of outside director system has been the core part of the corporate reforms following the crisis. Our estimation using instruments obtained from a natural experiment...

Persistent link: https://www.econbiz.de/10013014472

How Many Female Seats on a Board? Board Gender-Diversification, Power, Risk-Taking, and Financial Performance

Wabara, Kingsley - 2023

gender diversity. At low levels of influence, female directors have no significant impact on firm risk-taking and financial … gender-diversification process is non-disruptive. Notably, our results are associated not with the market timing of equity …

Persistent link: https://www.econbiz.de/10014265131