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Institutional correlates with female board representation

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  • Loy, Thomas R.
  • Rupertus, Hendrik

Abstract

Gender equality on boards is a global and highly politicized issue. To this day, there is considerable cross-country variation in female board representation. We examine institutional supply- and demand-side factors associated with this issue. Our results indicate that a societal climate of gender equality contributes to more women on boards, mainly through fostering the supply of suitable candidates. Therefore, the glass ceiling should be improved through a societal supply-side effort which needs to complement demand-side (quota) regulation.

Suggested Citation

  • Loy, Thomas R. & Rupertus, Hendrik, 2018. "Institutional correlates with female board representation," Finance Research Letters, Elsevier, vol. 24(C), pages 238-246.
    • Handle: RePEc:eee:finlet:v:24:y:2018:i:c:p:238-246
    DOI: 10.1016/j.frl.2017.09.013
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    Cited by:

    1. Owen, Ann L. & Temesvary, Judit, 2019. "CEO compensation, pay inequality, and the gender diversity of bank board of directors," Finance Research Letters, Elsevier, vol. 30(C), pages 276-279.
    2. Lee, Sang Mook & Bazel-Shoham, Ofra & Tarba, Shlomo Y. & Shoham, Amir, 2022. "The effect of economic freedom on board diversity," Journal of Business Research, Elsevier, vol. 149(C), pages 833-849.
    3. Khan, Mushtaq Hussain & Fraz, Ahmad & Hassan, Arshad & Abedifar, Pejman, 2020. "Female board representation, risk-taking and performance: Evidence from dual banking systems," Finance Research Letters, Elsevier, vol. 37(C).

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    More about this item

    Keywords

    Board of directors; Gender equality; Institutional environment;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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