Do Gender Quotas Change Attitudes towards Female Directors?

S. Lakshmi Naaraayanan, Kasper Meisner Nielsen

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

We study the long-term effect of gender quotas in India, the largest emerging market to mandate female directors on corporate boards. After the reform, female independent director appointments increase from less than 10% to over 30%. The marginal female director is of similar quality, as measured by education, specialization, and stock price reactions, as the marginal male director. Further, we find that the gender gap in director remuneration decreases from 18% to 3%. Overall, results suggest that gender quotas can deepen and diversify talent pools in emerging markets where lower corporate governance standards often impede board composition and director quality.
OriginalsprogEngelsk
Publikationsdato2021
Antal sider56
StatusUdgivet - 2021
BegivenhedChina International Conference in Finance 2021 - Online and Onsite, Shanghai, Kina
Varighed: 6 jul. 20219 jul. 2021
https://www.cicfconf.org/2021/m/index.html

Konference

KonferenceChina International Conference in Finance 2021
LokationOnline and Onsite
Land/OmrådeKina
ByShanghai
Periode06/07/202109/07/2021
Internetadresse

Emneord

  • Gender quota
  • Female directors
  • Independent directors
  • Board composition
  • Director quality

Citationsformater