From business to politics and academia, the economic effects of gender quotas are under scrutiny. We provide new causal evidence based on the introduction of mandatory gender quotas for boards of directors of Italian listed companies. Exploiting staggered board elections, we find that quotas are associated with a new selection of board members – characterized by higher education and lower age – and no significant costs, neither on firm performance nor on the stock market.

Do board gender quotas matter? Selection, performance and stock market effects

Ferrari, Giulia;Ferraro, Valeria;Profeta, Paola
;
Pronzato, Chiara
2022

Abstract

From business to politics and academia, the economic effects of gender quotas are under scrutiny. We provide new causal evidence based on the introduction of mandatory gender quotas for boards of directors of Italian listed companies. Exploiting staggered board elections, we find that quotas are associated with a new selection of board members – characterized by higher education and lower age – and no significant costs, neither on firm performance nor on the stock market.
2022
2021
Ferrari, Giulia; Ferraro, Valeria; Profeta, Paola; Pronzato, Chiara
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4039195
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