Board Gender Diversity and Firm Financial Performance: A Quantile Regression Analysis

Amélie Charles, Rey Dang and Etienne Redor

A chapter in International Corporate Governance and Regulation, 2018, vol. 20, pp 15-55 from Emerald Group Publishing Limited

Abstract: Numerous empirical studies have been conducted to analyze the impact of board gender diversity (BGD) on firm performance without being able to establish a clear relationship. In this paper, we reassess the relationship between BGD and firm performance by using a quantile regression approach. Our results indicate that BGD matters only across a subset of the firm performance distribution. Moreover, when the possible endogeneity of the relationship between BGD and firm performance is taken into account, there are some conditions under which a positive and significant relationship is observed for the eight lowest quantiles.

Keywords: Gender; diversity; board composition; financial performance; quantile regression; women; J16; G30; G34 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:afeczz:s1569-373220180000020002

DOI: 10.1108/S1569-373220180000020002

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