Abstract

https://ssrn.com/abstract=2702742
 


 



Golf Buddies and Board Diversity


Sumit Agarwal


Georgetown University - Department of Finance

Wenlan Qian


National University of Singapore - NUS Business School

David M. Reeb


National University of Singapore

Tien Foo Sing


National University of Singapore (NUS) - Department of Real Estate

December 12, 2015


Abstract:     
We study the participation of women in golf, a predominately male social activity, and its influence on their likelihood of serving on a board of directors. Exploiting a novel dataset of all golf games in Singapore, we find that woman golfers enjoy a 54% higher likelihood of serving on a board relative to male golfers. A woman's probability of serving on the board in a large firm or in a predominately male industry increases by 117% to 125% when she plays golf. In summary, our results suggest that "playing the boys game" facilitates women's directorships in publicly-traded firms.

Number of Pages in PDF File: 17

Keywords: Board of Directors, Golf, Gender, Board Diversity


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Date posted: December 13, 2015  

Suggested Citation

Agarwal, Sumit and Qian, Wenlan and Reeb, David M. and Sing, Tien Foo, Golf Buddies and Board Diversity (December 12, 2015). Available at SSRN: https://ssrn.com/abstract=2702742 or http://dx.doi.org/10.2139/ssrn.2702742

Contact Information

Sumit Agarwal
Georgetown University - Department of Finance ( email )
3700 O Street, NW
Washington, DC 20057
United States
202-687-8207 (Phone)
HOME PAGE: http://www.ushakrisna.com

Wenlan Qian (Contact Author)
National University of Singapore - NUS Business School ( email )
15 Kent Ridge Drive
Singapore 117592, 119245
Singapore
(65) 65163015 (Phone)
HOME PAGE: http://sites.google.com/site/wenlanqian/
David M. Reeb
National University of Singapore ( email )
Mochtar Riady Building
15 Kent Ridge Drive
Singapore, 119245
Singapore
HOME PAGE: http://www.davidreeb.net
Tien Foo Sing
National University of Singapore (NUS) - Department of Real Estate ( email )
4 Architecture Drive
Singapore 117566
Singapore
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