Women on Boards and Firm Performance: What Exactly Constitutes a 'Critical Mass'?
Abstract
The under-representation of women on boards is a heavily discussed topic – not only in Germany. Based on critical mass theory and with the help of a hand-collected panel data set of 151 listed German firms for the years 2000-2005, we explore whether the link between gender diversity and firm performance follows a U-shape. Controlling for reversed causality, we find evidence for gender diversity to at first negatively affect firm performance and...
Paper Details
Title
Women on Boards and Firm Performance: What Exactly Constitutes a 'Critical Mass'?
Published Date
Jan 1, 2012
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