Institutional Correlates with Female Board Representation

Titelangaben

Loy, Thomas ; Rupertus, Hendrik:
Institutional Correlates with Female Board Representation.
In: Finance Research Letters. Bd. 24 (2018) . - S. 238-246.
ISSN 1544-6123
DOI: https://doi.org/10.1016/j.frl.2017.09.013

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Abstract

Gender equality on boards is a global and highly politicized issue. To this day, there is considerable cross-country variation in female board representation. We examine institutional supply- and demand-side factors associated with this issue. Our results indicate that a societal climate of gender equality contributes to more women on boards, mainly through fostering the supply of suitable candidates. Therefore, the glass ceiling should be improved through a societal supply-side effort rather than demand-side (quota) regulation.