Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2142822
Female directors, board-gender quotas and firm performance: evidence from Norway
Josep Garcia-Blandon
Josep Maria Argilés-Bosch
Diego Ravenda
Gonzalo Rodríguez-Pérez
Sažetak
The opponents to board gender quotas point out the utility argument,
according to which, the impossibility of appointing the best
candidates will have a negative impact on firm performance.
Norway is the case study to investigate the impact of board gender
quota regulations on firm performance. Because a gender quota
was voluntary from 2004 to 2006 and mandatory afterwards, it
allows us to investigate the respective impact of voluntary and mandatory
gender quota regulations. The research design takes advantage
of this unique research setting and implements difference-indifferences
estimations. Previous studies examining the Norwegian
context, however, do not differentiate between the voluntary and
mandatory implementation of the quota. After controlling for several
methodological issues that were unnoticed by these studies,
we report sound evidence that the Norwegian quota did not have
any negative impact on firm performance. Furthermore, results also
suggest that when the quota was applied voluntarily, it had some
positive effects on performance. These findings contradict most of
the extant evidence and have interesting implications
Ključne riječi
Female directors; gender quota; financial performance; difference-indifferences
Hrčak ID:
306794
URI
Datum izdavanja:
30.4.2023.
Posjeta: 178 *