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Female directors, board committees and firm performance

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Female directors, board committees and firm performance. / Green, Colin P.; Homroy, Swarnodeep.

In: European Economic Review, Vol. 102, 02.2018, p. 19-38.

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Green, Colin P. ; Homroy, Swarnodeep. / Female directors, board committees and firm performance. In: European Economic Review. 2018 ; Vol. 102. pp. 19-38.

Bibtex

@article{b9ad4a532af54924877f8ef7468fab60,
title = "Female directors, board committees and firm performance",
abstract = "A number of studies have found little economic impact of board gender diversity on firm performance. We return to this issue in the context of large European firms. Our contribution is twofold. First, using information on the gender of CEOs children as a source of exogenous variation in female director appointments, we demonstrate a robust positive effect of female board representation on firm performance. Second, while previous work has considered female representation broadly, we focus on membership of board committees as a proxy for active involvement in corporate governance. We demonstrate economically meaningful positive effects on performance of female representation on board committees. Our evidence is supportive of an economic rationale for increased female representation on corporate boards.",
keywords = "Gender, Diversity, Firm performance, Board committees",
author = "Green, {Colin P.} and Swarnodeep Homroy",
year = "2018",
month = "2",
doi = "10.1016/j.euroecorev.2017.12.003",
language = "English",
volume = "102",
pages = "19--38",
journal = "European Economic Review",
issn = "0014-2921",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Female directors, board committees and firm performance

AU - Green, Colin P.

AU - Homroy, Swarnodeep

PY - 2018/2

Y1 - 2018/2

N2 - A number of studies have found little economic impact of board gender diversity on firm performance. We return to this issue in the context of large European firms. Our contribution is twofold. First, using information on the gender of CEOs children as a source of exogenous variation in female director appointments, we demonstrate a robust positive effect of female board representation on firm performance. Second, while previous work has considered female representation broadly, we focus on membership of board committees as a proxy for active involvement in corporate governance. We demonstrate economically meaningful positive effects on performance of female representation on board committees. Our evidence is supportive of an economic rationale for increased female representation on corporate boards.

AB - A number of studies have found little economic impact of board gender diversity on firm performance. We return to this issue in the context of large European firms. Our contribution is twofold. First, using information on the gender of CEOs children as a source of exogenous variation in female director appointments, we demonstrate a robust positive effect of female board representation on firm performance. Second, while previous work has considered female representation broadly, we focus on membership of board committees as a proxy for active involvement in corporate governance. We demonstrate economically meaningful positive effects on performance of female representation on board committees. Our evidence is supportive of an economic rationale for increased female representation on corporate boards.

KW - Gender

KW - Diversity

KW - Firm performance

KW - Board committees

U2 - 10.1016/j.euroecorev.2017.12.003

DO - 10.1016/j.euroecorev.2017.12.003

M3 - Journal article

VL - 102

SP - 19

EP - 38

JO - European Economic Review

JF - European Economic Review

SN - 0014-2921

ER -