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Women in Bank Boardrooms: Evidence from Italian Data


  • Silvia Del Prete

    () (Bank of Italy Florence Regional Research Division)

  • Maria Lucia Stefani

    () (Bank of Italy Trento Regional Research Unit)


Using a unique dataset on Italian banks, we firstly investigate the main determinants of women’s participation on top-decisional memberships and, secondly, we study correlations between women’s presence on boards and bank performance. Our main findings suggest that: 1) women are significantly less likely to hold top decision-making positions, other individual and bank characteristics being equal; 2) the presence of women on boards is higher in medium-sized banks, in banks belonging to the major banking groups, in banks with larger and younger boards and in banks that are more efficient, in terms of cost-containment, or that are in need of restructuring.

Suggested Citation

  • Silvia Del Prete & Maria Lucia Stefani, 2012. "Women in Bank Boardrooms: Evidence from Italian Data," Rivista di Politica Economica, SIPI Spa, issue 2, pages 129-160, April-Jun.
  • Handle: RePEc:rpo:ripoec:y:2012:i:2:p:129-160

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    Cited by:

    1. Silvia Del Prete & Maria Lucia Stefani, 2015. "Women as ‘gold dust’: gender diversity in top boards and the performance of Italian banks," Temi di discussione (Economic working papers) 1014, Bank of Italy, Economic Research and International Relations Area.

    More about this item


    banking; corporate governance; gender diversity; board of directors;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • 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


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