ERef Bayreuth

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Female Board Participation and Capital Markets : International Evidence

Title data

Rupertus, Hendrik ; Loy, Thomas:
Female Board Participation and Capital Markets : International Evidence.
2016
Event: 39th European Accounting Association Annual Congress , 11.05.-13.05.2016 , Maastricht.
(Conference item: Conference , Speech )

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Abstract in another language

There are considerable cross-country discrepancies in female board representation. We examine institutional factors associated with female board participation. Moreover, we analyze whether it has effects on investors’ perception of the firm. Board appointments are endogenous choices. We ex-plicitly address endogeneity by employing an Instrumental Variable approach on the country-level and Propensity Score Matching on the firm-level. Our results indicate that a societal climate of gen-der equality contributes to increased female board participation, and that boards without women do not result in worse (or better) stock performance. Hence, the gender gap is an ethical issue and should be closed because of basic fairness.

Further data

Item Type:	Conference item (Speech)
Refereed:	Yes
Keywords:	Board of Directors; Gender Equality; Shareholder Value; Quasi-experimental methods; Institutional Environment
Subject classification:	JEL Classifications: G11 G30 G34 J16
Institutions of the University:	Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X - International Financial Reporting Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X - International Financial Reporting > Chair Business Administration X - International Financial Reporting - Univ.-Prof. Dr. Rolf Uwe Fülbier Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Former Professors > Junior Professor Auditing and Financial Reporting - Juniorprof. Dr. Thomas Loy Profile Fields > Emerging Fields > Governance and Responsibility Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Business Administration Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Junior Professor Auditing and Financial Reporting Profile Fields Profile Fields > Emerging Fields Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Former Professors
Result of work at the UBT:	Yes
DDC Subjects:	300 Social sciences > 330 Economics
Date Deposited:	18 May 2016 06:37
Last Modified:	18 May 2016 06:43
URI:	https://eref.uni-bayreuth.de/id/eprint/32395