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Interdependencies of female board member appointments

Matthias Raddant and Hiroshi Takahashi ()

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Abstract: We investigate the networks of Japanese corporate boards and its influence on the appointments of female board members. We find that corporate boards with women show homophily with respect to gender. The corresponding firms often have above average profitability. We also find that new appointments of women are more likely at boards which observe female board members at other firms to which they are tied by either ownership relations or corporate board interlocks.

Date: 2020-07, Revised 2021-12
New Economics Papers: this item is included in nep-gen, nep-hme and nep-net
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Published in International Review of Financial Analysis Volume 81, May 2022, 102080

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