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The Effects of Board Gender Quotas: A Meta-Analysis

Author

Listed:
  • De Acutis, Costanza

    (Central European Forum for Migration and Population Research, Warsaw)

  • Weber, Andrea

    (Central European University)

  • Wurm, Elisabeth

    (Central European University)

Abstract

We use a meta-analysis to summarize the recent literature evaluating effects of the introduction of gender quotas on company boards. We collect data from 51 studies on policies implemented in 11 countries from which we extract 496 estimates. The literature considers the effects of quota policies on a wide range of outcome variables which we group in four categories. The findings of the meta-analysis contribute to the discussion of boardroom quota policies by mitigating some concerns of negative impacts and pointing out areas where more policy action is needed.

Suggested Citation

  • De Acutis, Costanza & Weber, Andrea & Wurm, Elisabeth, 2024. "The Effects of Board Gender Quotas: A Meta-Analysis," IZA Discussion Papers 17333, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp17333
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    References listed on IDEAS

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    1. Anthony B. Atkinson & Alessandra Casarico & Sarah Voitchovsky, 2018. "Top incomes and the gender divide," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 16(2), pages 225-256, June.
    2. David A. Matsa & Amalia R. Miller, 2013. "A Female Style in Corporate Leadership? Evidence from Quotas," American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 136-169, July.
    3. Alexandra Fedorets & Anna Gibert & Norma Burow, 2019. "Gender Quotas in the Boardroom: New Evidence from Germany," Discussion Papers of DIW Berlin 1810, DIW Berlin, German Institute for Economic Research.
    4. Nina Smith, 2018. "Gender quotas on boards of directors," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-10, December.
    5. David Card & Jochen Kluve & Andrea Weber, 2010. "Active Labour Market Policy Evaluations: A Meta-Analysis," Economic Journal, Royal Economic Society, vol. 120(548), pages 452-477, November.
    6. Kuzmina, Olga & Melentyeva, Valentina, 2020. "Gender diversity in corporate boards: Evidence from quota-implied discontinuities," CEPR Discussion Papers 14942, C.E.P.R. Discussion Papers.
    7. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    8. Marianne Bertrand & Sandra E Black & Sissel Jensen & Adriana Lleras-Muney, 2019. "Breaking the Glass Ceiling? The Effect of Board Quotas on Female Labour Market Outcomes in Norway," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(1), pages 191-239.
    9. Marianne Bertrand, 2018. "Coase Lecture – The Glass Ceiling," Economica, London School of Economics and Political Science, vol. 85(338), pages 205-231, April.
    10. Agata Maida & Andrea Weber, 2022. "Female Leadership and Gender Gap within Firms: Evidence from an Italian Board Reform," ILR Review, Cornell University, ILR School, vol. 75(2), pages 488-515, March.
    11. Kenneth R. Ahern & Amy K. Dittmar, 2012. "The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(1), pages 137-197.
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    More about this item

    Keywords

    corporate governance; diversity; gender quota; meta-analysis;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • G3 - Financial Economics - - Corporate Finance and Governance
    • J7 - Labor and Demographic Economics - - Labor Discrimination

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