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Women on Bank Boards: Evidence from Gender Quotas around the World

Author

Listed:
  • Rose C. Liao

    (Rutgers Business School, Rutgers University)

  • Gilberto Loureiro

    (NIPE & School of Economics and Management, University of Minho)

  • Alvaro G. Taboada

    (Mississippi State University)

Abstract

Using a sample of 469 banks from 39 countries between 2008 and 2017 and a generalized difference-in-differences methodology, we show that board gender quota laws lead to increased female board representation. We find an increase in risk taking and systemic risk and worse long-run operating performance post quota law for banks most impacted by the reforms, and those located in countries with a smaller pool of qualified women executives. Results suggest that the addition of younger and less experienced female board members to important board committees due labor market constraints drive the risk taking and performance outcomes.

Suggested Citation

  • Rose C. Liao & Gilberto Loureiro & Alvaro G. Taboada, 2019. "Women on Bank Boards: Evidence from Gender Quotas around the World," NIPE Working Papers 17/2019, NIPE - Universidade do Minho.
    • Handle: RePEc:nip:nipewp:17/2019
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    File URL: https://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx
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    Citations

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    Cited by:

    1. Abou-El-Sood, Heba, 2021. "Board gender diversity, power, and bank risk taking," International Review of Financial Analysis, Elsevier, vol. 75(C).
    2. Ann L. Owen & Judit Temesvary & Andrew Wei, 2021. "Gender and Professional Networks on Bank Boards," Finance and Economics Discussion Series 2021-021r1, Board of Governors of the Federal Reserve System (U.S.), revised 23 Aug 2021.
    3. Tampakoudis, Ioannis & Noulas, Athanasios & Kiosses, Nikolaos, 2022. "The market reaction to syndicated loan announcements before and during the COVID-19 pandemic and the role of corporate governance," Research in International Business and Finance, Elsevier, vol. 60(C).

    More about this item

    Keywords

    Gender quotas; director independence; bank risk taking; bank performance;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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