The Importance of Co-determination for Gender Diversity in the Boardroom

Astrid Kunze and Katrin Scharfenkamp

No 11902, CESifo Working Paper Series from CESifo

Abstract: This study examines the interplay of co-determination law and board gender quotas using novel board-director panel data for Norway. We present descriptive evidence suggesting that boards with employee representatives on boards of directors were more gender diverse before the gender quota. Difference-in-differences estimation results reveal that the differential effect of employee representation on gender diversity is negative after implementing the quota. Boards with employee representatives have recruited fewer women during the phase-in period and the flexible quota tended to be ineffective. We interpret the effect through employee representation as a potential mediating factor of board gender quotas on gender diversity.

Keywords: employee representation; boards of directors; gender; leadership affirmative action; public policy; shareholder directors; firm size (search for similar items in EconPapers)
JEL-codes: G34 J16 J51 J53 J78 M54 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_11902

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