Female directors, board committees and firm performance

Green, Colin P. and Homroy, Swarnodeep (2018) Female directors, board committees and firm performance. European Economic Review, 102. pp. 19-38. ISSN 0014-2921

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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.

Item Type: Journal Article
Journal or Publication Title: European Economic Review
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/2000/2002
Departments: Lancaster University Management School > Economics
ID Code: 90181
Deposited By: ep_importer_pure
Deposited On: 07 Nov 2018 14:14
Refereed?: Yes
Published?: Published
Last Modified: 19 Feb 2020 04:21
URI: https://eprints.lancs.ac.uk/id/eprint/90181

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