Do Board Gender Quotas Matter? Selection, Performance, and Stock Market Effects

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1 août 2022

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Archined : l'archive ouverte de l'INED

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Service des éditions de l'INED

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Institut national d’études démographiques

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info:eu-repo/semantics/openAccess

Mots-clés Und

ENTERPRISES ITALY GENDER_PARITY EQUAL_OPPORTUNITY

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Competence Businesses Firms Companies Enterprises Business organizations Organizations, Business

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Giulia Ferrari et al., « Do Board Gender Quotas Matter? Selection, Performance, and Stock Market Effects », Archined : l'archive ouverte de l'INED, ID : 10.1287/mnsc.2021.4200

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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 on firm performance or the stock market.

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