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Gender quotas on boards of directors

Author

Listed:
  • Nina Smith

    (Aarhus University, Denmark, and IZA, Germany)

Abstract

Arguments for increasing gender diversity on boards of directors range from ensuring equal opportunity to improving firm performance, but the empirical results are mixed and often negative. Current research does not justify gender quotas on grounds of economic efficiency. Furthermore, in most countries the number of women qualified to join boards of directors is limited, and it is not clear from the evidence that quotas lead to a larger pool of qualified female candidates in the medium and long term.

Suggested Citation

  • Nina Smith, 2014. "Gender quotas on boards of directors," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-7, May.
  • Handle: RePEc:iza:izawol:journl:y:2014:n:7
    as

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    References listed on IDEAS

    as
    1. Nina Smith & Valdemar Smith & Mette Verner, 2005. "Do Women in Top Management Affect Firm Performance? A Panel Study of 2500 Danish Firms," CIE Discussion Papers 2005-03, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
    2. David A. Matsa & Amalia R. Miller, 2013. "A Female Style in Corporate Leadership? Evidence from Quotas," American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 136-169, July.
    3. Bøhren, Øyvind & Staubo, Siv, 2014. "Does mandatory gender balance work? Changing organizational form to avoid board upheaval," Journal of Corporate Finance, Elsevier, vol. 28(C), pages 152-168.
    4. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    5. Kenneth R. Ahern & Amy K. Dittmar, 2012. "The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation," The Quarterly Journal of Economics, Oxford University Press, vol. 127(1), pages 137-197.
    6. Ferrari, Giulia & Ferraro, Valeria & Profeta, Paola & Pronzato, Chiara D., 2018. "Do Board Gender Quotas Matter? Selection, Performance and Stock Market Effects," IZA Discussion Papers 11462, Institute of Labor Economics (IZA).
    7. repec:kap:jbuset:v:147:y:2018:i:2:d:10.1007_s10551-015-2974-9 is not listed on IDEAS
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    Citations

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    Cited by:

    1. repec:ces:ifodic:v:12:y:2014:i:2:p:19116215 is not listed on IDEAS
    2. Rebérioux, Antoine & Roudaut, Gwenael, 2016. "Gender Quota inside the Boardroom: Female Directors as New Key Players?," CEPREMAP Working Papers (Docweb) 1603, CEPREMAP.
    3. Parrotta, Pierpaolo & Smith, Nina, 2013. "Why So Few Women on Boards of Directors? Empirical Evidence from Danish Companies 1997-2007," IZA Discussion Papers 7678, Institute of Labor Economics (IZA).
    4. Maida, Agata & Weber, Andrea, 2019. "Female Leadership and Gender Gap within Firms: Evidence from an Italian Board Reform," IZA Discussion Papers 12099, Institute of Labor Economics (IZA).
    5. Alexandra Fedorets & Anna Gibert & Norma Burow, 2019. "Gender Quotas in the Boardroom: New Evidence from Germany," Discussion Papers of DIW Berlin 1810, DIW Berlin, German Institute for Economic Research.
    6. repec:ces:ifodic:v:12:y:2014:i:02:p:42-48 is not listed on IDEAS
    7. repec:eee:jfinec:v:127:y:2018:i:3:p:588-612 is not listed on IDEAS
    8. Simona, Comi & Mara, Grasseni & Federica, Origo & Laura, Pagani, 2017. "Where Women Make The Difference. The Effects of Corporate Board Gender Quotas on Firms’ Performance across Europe," Working Papers 367, University of Milano-Bicocca, Department of Economics, revised 12 Jul 2017.
    9. Antoine Rebérioux & Gwenael Roudaut, 2017. "Gender Quota and Inequalities inside the Boardroom," Working Papers hal-01618949, HAL.
    10. repec:eee:empfin:v:48:y:2018:i:c:p:236-254 is not listed on IDEAS
    11. Ferretti, Fabrizio & Mariani, Michele, 2017. "Gender Discrimination, Gender Disparities in Obesity and Human Development," MPRA Paper 77728, University Library of Munich, Germany.

    More about this item

    Keywords

    gender quotas; boards of directors; firm performance;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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