Corporate Board Gender Diversity and Stock Performance: The Competence Gap or Institutional Investor Bias?
North Carolina Law Review, Vol. 89, 2011
30 Pages Posted: 19 Mar 2014
Date Written: 2012
Women have been gaining ground on corporate boards. They held 14.8% of Fortune 500 seats in 2007. Yet the effect of women on corporate performance is a matter of some debate. Studies using data at one or two points in time find that gender diversity on boards is associated with higher stock values and greater profitability.
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