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Is there a “business case” for board gender diversity within French listed SMEs

Author

Listed:
  • Rey Dang

    (ICN Business School)

  • L'Hocine Houanti

    (La Rochelle Business School)

  • Aymen Ammari

    (UMA - Université de la Manouba [Tunisie])

  • Tuyen Le Nhu

    (EESC-GEM Grenoble Ecole de Management)

Abstract

Many studies have investigated the relationship between women on corporate boards (WOCB) and firm performance in accordance with the ‘business case' for board gender diversity. However, these have been conducted on large firms. This study re-examines this relationship for a sample of French listed SMEs over the period 2010–2014 using a dynamic panel GMM estimator to mitigate endogeneity issues. We find that the percentage of WOCB is positively and significantly related to firm performance. However, the other proxies for board gender diversity are not statistically different from zero. We argue that the relationship is not straightforward. This finding is interesting as it sheds light on the ‘business case'.

Suggested Citation

  • Rey Dang & L'Hocine Houanti & Aymen Ammari & Tuyen Le Nhu, 2018. "Is there a “business case” for board gender diversity within French listed SMEs," Grenoble Ecole de Management (Post-Print) hal-01768889, HAL.
    • Handle: RePEc:hal:gemptp:hal-01768889
    DOI: 10.1080/13504851.2017.1390308
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    Cited by:

    1. Valeria Gattai & Piergiovanna Natale & Francesca Rossi, 2022. "Board Diversity and Outward FDI: Evidence from Europe," Working Papers 491, University of Milano-Bicocca, Department of Economics, revised Mar 2022.
    2. Gattai, Valeria & Natale, Piergiovanna & Rossi, Francesca, 2023. "Board diversity and outward FDI: Evidence from europe," Economic Modelling, Elsevier, vol. 120(C).

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