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

Author

Listed:
  • T. A. Garanina
  • А. А. 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 & А. А. Muravyev., 2018. "Boards of directors in Russian publicly traded companies: The gender aspect," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
  • Handle: RePEc:nos:voprec:2018-02-7
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    Cited by:

    1. Garanina, Tatiana & Muravyev, Alexander, 2019. "The Gender Composition of Corporate Boards and Firm Performance: Evidence from Russia," IZA Discussion Papers 12357, Institute of Labor Economics (IZA).

    More about this item

    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
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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