Gender Diversity in Corporate Boards: Evidence From Quota-Implied Discontinuities
40 Pages Posted: 15 Oct 2020
There are 6 versions of this paper
Gender Diversity in Corporate Boards: Evidence From Quota-Implied Discontinuities
ZEW - Centre for European Economic Research Discussion Paper No. 21-023, 2021
Number of pages: 56
Posted: 18 Mar 2021
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Gender Diversity in Corporate Boards: Evidence from Quota-Implied Discontinuities
Number of pages: 60
Posted: 16 Aug 2021
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Gender Diversity in Corporate Boards: Evidence From Quota-Implied Discontinuities
Number of pages: 54
Posted: 17 Mar 2021
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Gender Diversity in Corporate Boards: Evidence From Quota-Implied Discontinuities
Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 40
Posted: 15 Oct 2020
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Gender diversity in corporate boards: Evidence from quota-implied discontinuities
Number of pages: 65
Posted: 06 Dec 2021
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Gender Diversity in Corporate Boards: Evidence from Quota-Implied Discontinuities
CEPR Discussion Paper No. DP14942
Number of pages: 57
Posted: 29 Jun 2020
Last Revised: 11 Feb 2021
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Date Written: October 15, 2020
Abstract
We use data across European corporate boards to investigate the effects of quota-induced female representation, under minimal possible identification assumptions. We find that having more women in board causally increases Tobin's Q, despite some negative effects on operating performance and more likely employment downsizings. We interpret this evidence as firms scaling down inefficient operations. Our results highlight that gender quotas are not necessarily a costly way of promoting equality.
Suggested Citation: Suggested Citation
Kuzmina, Olga and Melentyeva, Valentina, Gender Diversity in Corporate Boards: Evidence From Quota-Implied Discontinuities (October 15, 2020). Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC, Available at SSRN: https://ssrn.com/abstract=3711973 or http://dx.doi.org/10.2139/ssrn.3711973
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