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Boards of directors in Russian publicly traded companies: the gender aspect

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  • T. A. Garanina
  • A. A. Muravyev

Abstract

This article studies the gender composition of corporate boards of Russian companies, including its relation to company performance. The analysis is based on a unique longitudinal dataset of virtually all Russian companies whose shares were traded on the stock market in 1998-2014. It shows a relatively small representation of women, just 12% of all the seats, while about 40% of the companies did not have any female director. At the same time, both the share of companies that appoint female directors and the share of female directors on boards show a clear upward trend. The econometric analysis suggests a positive link between the presence of female directors on boards and company performance, especially when firms appoint several, rather than one, female directors.

Suggested Citation

  • T. A. Garanina & A. A. Muravyev, 2018. "Boards of directors in Russian publicly traded companies: the gender aspect," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 2.
  • Handle: RePEc:nos:voprec:y:2018:id:381
    DOI: 10.32609/0042-8736-2018-2-142-155
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