Board Gender Quotas: Can women realistically boost firm performance

Research
Corporate and Market Finance, Governance

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This paper investigates the impact of gender quotas on firm performance using countries worldwide that have introduced a gender quota as a quasinatural experiment. Our statistical analysis shows that board members’ characteristics significantly change after implementing the gender quota. The results of our empirical analysis provide evidence that gender quotas reduce the cost of equity in the short term but decrease the Tobin’s Q in the long term and have a neutral impact on profitability in the short term and the longer term.

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Mots clés

Corporate governance, firm performance, gender quotas, Gouvernance d’entreprise

Auteur.e(s)

TRAN Thu Ha
Associate Professor
Burgundy School of Business

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Research
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Corporate and Market Finance

Governance

Board Gender Quotas: Can women realistically boost firm performance

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