22 Pages Posted: 14 Mar 2017 Last revised: 10 May 2017
Date Written: May 9, 2017
Gender equality on boards is a global and highly politicized issue. To this day, there is considerable cross-country variation in female board representation. We examine institutional supply- and demand-side factors associated with this issue. Our results indicate that a societal climate of gender equality contributes to more women on boards, mainly through fostering the supply of suitable candidates. Therefore, the glass ceiling should be improved through a societal supply-side effort rather than demand-side (quota) regulation.
Keywords: Board of Directors, Gender Equality, Institutional Environment
JEL Classification: G3, J16, M2
Suggested Citation: Suggested Citation
Loy, Thomas R. and Rupertus, Hendrik, Institutional Correlates with Female Board Representation: A Research Note (May 9, 2017). Available at SSRN: https://ssrn.com/abstract=2931186 or http://dx.doi.org/10.2139/ssrn.2931186