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Interdependencies of female board member appointments

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  • Raddant, Matthias
  • Takahashi, Hiroshi

Abstract

We investigate the appointments of female board members of Japanese corporations together with the corporations’ performance. We relate the presence of female board members to the board and ownership networks of the corresponding firms. We find that firms with female board members often show above average performance. We also find that corporate boards and the corresponding members show homophily with respect to gender in their networks. The observed homophily leads to interdependencies in the appointments of new board members. New appointments of female board members are more likely at firms with ties to other boards with female board members.

Suggested Citation

  • Raddant, Matthias & Takahashi, Hiroshi, 2022. "Interdependencies of female board member appointments," International Review of Financial Analysis, Elsevier, vol. 81(C).
    • Handle: RePEc:eee:finana:v:81:y:2022:i:c:s1057521922000515
    DOI: 10.1016/j.irfa.2022.102080
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    Cited by:

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    2. Dodd, Olga & Frijns, Bart & Garel, Alexandre, 2022. "Cultural diversity among directors and corporate social responsibility," International Review of Financial Analysis, Elsevier, vol. 83(C).
    3. SABĂU (POPA) Andrada Ioana & SAFTA (PLEȘA) Ioana Lavinia & BORLEA Nicolae Sorin, 2023. "Analysis Of The Quality Of Corporate Governance. Case For Romanian Companies," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 75(1), pages 66-79, April.
    4. Chen, Chia-Wei & Sutton, Ninon K. & Yi, Bingsheng & Zheng, Qiancheng, 2023. "The connection between gender diversity and firm performance: Evidence from Taiwan," International Review of Financial Analysis, Elsevier, vol. 89(C).

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    More about this item

    Keywords

    Board member gender; Corporate board interlocks; Firm performance; Firm networks;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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