American Economic Journal: Applied Economics, Forthcoming
82 Pages Posted: 9 Jul 2010 Last revised: 14 Dec 2012
Date Written: December 13, 2012
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.
JEL Classification: G34, G38, M51, J78, J16
Suggested Citation: 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: https://ssrn.com/abstract=1636047 or http://dx.doi.org/10.2139/ssrn.1636047
By Knut Nygaard