Abstract

http://ssrn.com/abstract=1636047
 
 

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A Female Style in Corporate Leadership? Evidence from Quotas


David A. Matsa


Northwestern University - Kellogg School of Management; National Bureau of Economic Research (NBER)

Amalia R. Miller


University of Virginia - Department of Economics

December 13, 2012

American Economic Journal: Applied Economics, Forthcoming

Abstract:     
This paper studies the impact of gender quotas for corporate board seats on corporate decisions. We examine the introduction of Norway’s 2006 quota, comparing affected firms to other Nordic companies, public and private, that were unaffected by the rule. We find that affected firms undertook fewer workforce reductions than comparison firms, increasing relative labor costs and employment levels and reducing short-term profits. The effects are strongest among firms without female board members beforehand and are present even for boards with older and more experienced members afterward. The boards appear to be affecting corporate strategy in part by selecting likeminded executives.

Number of Pages in PDF File: 82

JEL Classification: G34, G38, M51, J78, J16

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Date posted: July 9, 2010 ; Last revised: December 14, 2012

Suggested Citation

Matsa, David A. and Miller, Amalia R., A Female Style in Corporate Leadership? Evidence from Quotas (December 13, 2012). American Economic Journal: Applied Economics, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1636047 or http://dx.doi.org/10.2139/ssrn.1636047

Contact Information

David A. Matsa (Contact Author)
Northwestern University - Kellogg School of Management ( email )
2001 Sheridan Road
Evanston, IL 60208
United States
847-491-8337 (Phone)
847-491-5719 (Fax)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Amalia R. Miller
University of Virginia (UVA) - Department of Economics ( email )
P.O. Box 400182
Charlottesville, VA 22904-4182
United States
HOME PAGE: http://people.virginia.edu/~am5by/
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