 Women on board and firm export attitudes: Evidence from ItalyFrancesco Carbonero, Francesco Devicienti (), Alessandro Manello and Davide Vannoni Journal of Economic Behavior & Organization, 2021, vol. 192, issue C, 159-175 Abstract: The literature evaluating the impact of gender quotas in the firm's governing bodies has not yet come to an established consensus on their effects on corporate performance. We contribute to the literature by exploiting firm level data to assess whether the reform that introduced a gender-balancing quota on the boards of directors of Italian listed firms has had any impact on a variety of measures related to exports. Combining a difference-in-differences approach with propensity score matching, we find that the reform has increased the probability of exporting and the value of exports. Moreover, the reform has increased the probability of exporting a new product, while it has not reduced the exposure to volatile sectors. These results suggest that previously excluded women from leadership positions can bring valuable resources for operating in international markets, and challenge the view that female directors are more cautious in their risk-taking behavior as compared to their male counterparts. Keywords: Gender quota; Exports; Risk; Uncertainty; Corporate boards; International trade (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:192:y:2021:i:c:p:159-175 DOI: 10.1016/j.jebo.2021.10.011 Access Statistics for this article Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D. More articles in Journal of Economic Behavior & Organization from Elsevier |
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