Diversity among Norwegian Boards of Directors: Does a Quota for Women Improve Firm Performance?

Harald Dale-Olsen, Pål Schøne (psc@samfunnsforskning.no) and Mette Verner (meve@vive.dk)

Feminist Economics, 2013, vol. 19, issue 4, 110-135

Abstract: Exploiting the Norwegian boards of directors' quota reform of 2003, this study evaluates the impact of increased diversity on firm performance. Applying difference-in-difference approaches to accounting data covering the period 2003--07, the paper compares the return on assets for non-finance public limited companies (PLCs) and ordinary limited companies (LTDs), whereof only the former were affected by the reform. The impact of the reform on firm performance is negligible. Neither changed return on total assets (ROA) nor changed operating revenues and cost can be attributed to the reform. However, following the reform PLCs have to a larger extent accumulated capital, financed by debt or by a combination of debt and own capital.

Date: 2013
References: View complete reference list from CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://hdl.handle.net/10.1080/13545701.2013.830188 (text/html)
Access to full text is restricted to subscribers.

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:taf:femeco:v:19:y:2013:i:4:p:110-135

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RFEC20

DOI: 10.1080/13545701.2013.830188

Access Statistics for this article

Feminist Economics is currently edited by Diana Strassmann

More articles in Feminist Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst (chris.longhurst@tandf.co.uk).