Board Quotas and Director-Firm Matching

Daniel Ferreira, Edith Ginglinger, Marie-Aude Laguna and Yasmine Skalli
Additional contact information
Daniel Ferreira: CEPR - Center for Economic Policy Research
Marie-Aude Laguna: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Yasmine Skalli: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: We study the impact of board gender quotas on the labor market for corporate directors. We find that the annual rate of turnover of female directors falls by about a third followingthe introduction of a quota in France in 2011. This decline in turnover is more pronounced for new appointments induced by the quota, and for appointments made by firms that regularly hire directors who are members of the French business elite. By contrast, the quota has no effect on male director turnover. The evidence suggests that, by changing the director search technology used by firms, the French quota has improved the stability of director-firm matches.

Keywords: labour market; corporate directors; gender quotas (search for similar items in EconPapers)
Date: 2019-01
New Economics Papers: this item is included in nep-bec
Note: View the original document on HAL open archive server: https://hal.science/hal-02302287v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in American Finance Association 2019 Annual Meeting, Jan 2019, Atlanta, United States

Downloads: (external link)
https://hal.science/hal-02302287v1/document (application/pdf)

Related works:
Working Paper: Board Quotas and Director-Firm Matching (2017)
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:hal:journl:hal-02302287

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().