Gender Diversity and Firm Performance: Evidence from Dutch and Danish Boardrooms
J. Plantenga and
No 10-03, Working Papers from Utrecht School of Economics
Drawing on the business case for gender diversity, this article examines whether board gender diversity has a positive effect on firm performance, based on evidence from the Netherlands and Denmark. We use empirical data on 186 listed firms observed in 2007, of which 102 Dutch and 84 Danish. Of these firms, almost 40% have at least one woman in the boardroom. Within boards the average share of women is only 5.4%. In order to investigate the impact of board gender diversity on firm performance, two-stage least-squares estimation is applied, using Tobinâ€™s Q as a measure of performance. Our findings indicate that there is no effect of board gender diversity on firm performance. This implies that the business case for board gender diversity is not supported for this particular sample. Our finding seems in line with most European research.
Keywords: Corporate governance; firm performance; board diversity; female board representation (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:use:tkiwps:1003
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Working Papers from Utrecht School of Economics Contact information at EDIRC.
Series data maintained by Marina Muilwijk ().