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Academics In The Boardroom: The Effect Of A Gender Quota Regulation

Author

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  • PAOLA DE VINCENTIIS

    (Department of Management, University of Turin, Corso Unione Sovietica 218bis, 10134 Torino, Italy)

  • NOEMI OGGERO

    (Department of Management, University of Turin, Corso Unione Sovietica 218bis, 10134 Torino, Italy)

Abstract

In the framework of literature devoted to corporate governance and board composition, we take a peculiar viewpoint and focus on the presence of university professors in the governing body of Italian banks. In particular, we test whether the gender quota regulation increased the presence of female professors as directors. We find evidence of a relevant increase in the probability of designating women from the academia in the years immediately following the entry into force of the gender quota regulation in Italy, whereas no significant increase is in place for male professors over the same period. Our results suggest the need to enhance the career opportunities for women up the C-levels in order to fuel diversity in the boardrooms, not only in independent but also in executive roles. In light of the empirical evidence provided, a re-thinking of gender quota regulations would also be advisable in order to better pursue the desired outcomes.

Suggested Citation

  • Paola De Vincentiis & Noemi Oggero, 2022. "Academics In The Boardroom: The Effect Of A Gender Quota Regulation," Journal of Financial Management, Markets and Institutions (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 10(02), pages 1-14, December.
    • Handle: RePEc:wsi:jfmmix:v:10:y:2022:i:02:n:s2282717x22500104
    DOI: 10.1142/S2282717X22500104
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    More about this item

    Keywords

    Banking; gender; gender quota; board of directors; female directors; glass ceiling;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • K38 - Law and Economics - - Other Substantive Areas of Law - - - Human Rights Law; Gender Law; Animal Rights Law

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