Women on Bank Boards: Evidence from Gender Quotas around the World

Rose C. Liao (), Gilberto Loureiro () and Alvaro G. Taboada ()
Additional contact information
Rose C. Liao: Rutgers Business School, Rutgers University
Gilberto Loureiro: NIPE & School of Economics and Management, University of Minho
Alvaro G. Taboada: Mississippi State University

No 17/2019, NIPE Working Papers from NIPE - Universidade do Minho

Abstract: Using a sample of 469 banks from 39 countries between 2008 and 2017 and a generalized difference-in-differences methodology, we show that board gender quota laws lead to increased female board representation. We find an increase in risk taking and systemic risk and worse long-run operating performance post quota law for banks most impacted by the reforms, and those located in countries with a smaller pool of qualified women executives. Results suggest that the addition of younger and less experienced female board members to important board committees due labor market constraints drive the risk taking and performance outcomes.

Keywords: Gender quotas; director independence; bank risk taking; bank performance (search for similar items in EconPapers)
JEL-codes: G15 G21 G28 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cfn and nep-gen
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nip:nipewp:17/2019

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in NIPE Working Papers from NIPE - Universidade do Minho Núcleo de Investigação em Políticas Económicas e Empresariais, Escola de Economia e Gestão, Universidade do Minho, P-4710-057 Braga, Portugal. Contact information at EDIRC.
Bibliographic data for series maintained by NIPE ().