Board Quotas and Director-Firm Matching
60 Pages Posted: 4 Jul 2017
There are 2 versions of this paper
Closing the Gap: Board Gender Quotas and Hiring Practices
Date Written: June 2017
Abstract
We study the impact of board gender quotas on the labor market for corporate directors. We find that the annual rate of turnover of female directors falls by about a third following the introduction of a quota in France in 2011. This decline in turnover is more pronounced for new appointments induced by the quota, and for appointments made by firms that regularly hire directors who are members of the French business elite. By contrast, the quota has no effect on male director turnover. The evidence suggests that, by changing the director search technology used by firms, the French quota has improved the stability of director-firm matches.
Keywords: Corporate Boards, corporate governance, Gender Quotas, labor markets, Matching, Turnover
JEL Classification: G34, G38, J63, J70
Suggested Citation: Suggested Citation
Edith Ginglinger
Université Paris-Dauphine, PSL Research University ( email )
Place du Maréchal de Tassigny
Paris, Cedex 16 75775
France
Marie-Aude Laguna
Université Paris Dauphine - DRM-CEREG ( email )
place du Maréchal de Lattre de Tassigny
cedex 16
Paris, 75775
France