Institutional correlates with female board representation

Thomas R. Loy and Hendrik Rupertus

Finance Research Letters, 2018, vol. 24, issue C, 238-246

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.

Keywords: Board of directors; Gender equality; Institutional environment (search for similar items in EconPapers)
JEL-codes: G3 J16 M2 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:24:y:2018:i:c:p:238-246

DOI: 10.1016/j.frl.2017.09.013

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