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An international study of board gender diversity and corporate governance

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  • Andrey Zagorchev

    (Rhodes College)

Abstract

This paper investigates how women on boards influence corporate governance of firms across 60 countries. Using instrumental variables that provide robust results, we find that the percentage of female directors on the board is positively associated with corporate governance mechanisms. In particular, a greater representation of women directors increases the governance and social disclosure in Japan, China, and the UK, and the social and environmental disclosure in 57 countries, the proportion of women employees, the total number of employees, the percentage of independent directors’ board meeting attendance, and marginally increases the percentages of overall board and audit committee meeting attendance.

Suggested Citation

  • Andrey Zagorchev, 2024. "An international study of board gender diversity and corporate governance," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 48(4), pages 1053-1077, December.
    • Handle: RePEc:spr:jecfin:v:48:y:2024:i:4:d:10.1007_s12197-024-09687-6
    DOI: 10.1007/s12197-024-09687-6
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    More about this item

    Keywords

    Corporate governance; Board gender diversity; Disclosure; Employment; Board attendance;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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