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Interdependencies of female board member appointments

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  • Matthias Raddant
  • Hiroshi Takahashi

Abstract

We investigate the networks of Japanese corporate boards and its influence on the appointments of female board members. We find that corporate boards with women show homophily with respect to gender. The corresponding firms often have above average profitability. We also find that new appointments of women are more likely at boards which observe female board members at other firms to which they are tied by either ownership relations or corporate board interlocks.

Suggested Citation

  • Matthias Raddant & Hiroshi Takahashi, 2020. "Interdependencies of female board member appointments," Papers 2007.03980, arXiv.org, revised Dec 2021.
    • Handle: RePEc:arx:papers:2007.03980
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    Cited by:

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    2. Suau-Sanchez, Pere & Voltes-Dorta, Augusto & Lamolla, Laura, 2025. "Board and executive gender diversity as a driver of airline efficiency: A network-DEA analysis," Journal of Air Transport Management, Elsevier, vol. 124(C).
    3. Dodd, Olga & Frijns, Bart & Garel, Alexandre, 2022. "Cultural diversity among directors and corporate social responsibility," International Review of Financial Analysis, Elsevier, vol. 83(C).
    4. SABAU (POPA) Andrada Ioana & SAFTA (PLESA) Ioana Lavinia & BORLEA Nicolae Sorin, 2023. "Analysis Of The Quality Of Corporate Governance. Case For Romanian Companies," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 75(1), pages 66-79, April.
    5. Kan Nakajima & Yoko Shirasu & Eiji Kodera, 2024. "Tokenism in Gender Diversity among Board of Directors," Working Papers e201, Tokyo Center for Economic Research.
    6. Chen, Chia-Wei & Sutton, Ninon K. & Yi, Bingsheng & Zheng, Qiancheng, 2023. "The connection between gender diversity and firm performance: Evidence from Taiwan," International Review of Financial Analysis, Elsevier, vol. 89(C).
    7. Nakajima, Kan & Shirasu, Yoko & Kodera, Eiji, 2025. "Tokenism in gender diversity on board of directors," Journal of the Japanese and International Economies, Elsevier, vol. 75(C).

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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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