Does Board Gender Diversity Make a Difference - New Evidence from Quantile Regression Analysis
18 Pages Posted: 9 May 2014
Date Written: May 7, 2014
This paper investigates the relationship between board gender diversity and firm performance has been investigated using a panel dataset over the period 2009-2011. Applying quantile regression, we show that board gender diversity has a different effect on firm performance over different points of the conditional distribution. Moreover, we find that the relationship is dependent upon the measure of performance used (Tobin’s Q or Return On Assets). Indeed, it can be contradictory.
Keywords: Board of Directors, Gender, Diversity, Corporate Governance.
JEL Classification: G30, G34, J16.
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