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Where Women Make The Difference. The Effects of Corporate Board Gender Quotas on Firms’ Performance across Europe

Author

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  • Simona, Comi
  • Mara, Grasseni
  • Federica, Origo
  • Laura, Pagani

Abstract

We study the effect of corporate board gender quotas on firm performance in Belgium, France, Italy and Spain. The empirical analysis is based on accounting panel data from Bureau Van Dijk’s Amadeus. Our identification strategy relies on both double and triple difference estimators with ex-ante matching. We find that gender quotas had either a negative or an insignificant effect on firm performance in the countries considered with the exception of Italy, where we find a positive impact on productivity. We then focus on Italy and offer possible explanations for the positive effect of gender quotas using detailed information on board members’ characteristics.

Suggested Citation

  • 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.
  • Handle: RePEc:mib:wpaper:367
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    References listed on IDEAS

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    Cited by:

    1. Antoine Rebérioux & Gwenael Roudaut, 2017. "Gender Quota and Inequalities inside the Boardroom," Working Papers hal-01618949, HAL.

    More about this item

    Keywords

    Gender quotas; corporate governance; firm performance; productivity;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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