IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v79y2025ics1544612325005173.html
   My bibliography  Save this article

Board gender diversity and organization capital

Author

Listed:
  • Lin, Chu-Bin
  • Qi, Zhengyang
  • Chen, Yi-Wen
  • Sun, Yicheng

Abstract

This study examines the effects of board gender diversity on firms’ investment in organization capital (OC), drawing on a comprehensive dataset of US public firms from 2000 to 2019. The main findings suggest that firms with greater board gender diversity tend to allocate more resources toward OC. Our results remain robust when employing an instrumental variable approach and propensity score matching with difference-in-differences analysis to address endogeneity concerns. Furthermore, we find that board gender diversity amplifies the positive effects of OC on firm value. Our investigation provides new evidence of the positive relationship between board gender diversity and firm value.

Suggested Citation

  • Lin, Chu-Bin & Qi, Zhengyang & Chen, Yi-Wen & Sun, Yicheng, 2025. "Board gender diversity and organization capital," Finance Research Letters, Elsevier, vol. 79(C).
    • Handle: RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005173
    DOI: 10.1016/j.frl.2025.107254
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325005173
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.107254?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Board gender diversity; Organization capital; Firm value;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005173. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.