Female board representation and firm value: International evidence

Wendi Huang

Finance Research Letters, 2024, vol. 68, issue C

Abstract: This study delves into the intricate relationship between female representation on corporate boards and firm valuation. By scrutinizing a comprehensive dataset comprising 15,813 unique firms spanning across 116 countries, our analysis elucidates the global ramifications of female board membership on firm value, employing Tobin's Q as a proxy measure. The findings of this research present compelling evidence supporting the notion that increased female representation on boards positively influences firm value. Moreover, this paper underscores the tangible benefits associated with the inclusion of female directors in boardrooms.

Keywords: Female board representation; Firm value (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324010286

DOI: 10.1016/j.frl.2024.105998

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