Adams and Ferreira paper (2008): ‘Women in the Boardroom and Their Impact on Governance and Performance’

Intrigued by the reference to the Adams and Ferreira paper (2008) in the Credit Suisse report, I’ve looked it up online. Here’s a link to it:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1107721

The paper’s full Abstract:

We show that female directors have a significant impact on board inputs and firm outcomes. In a sample of US firms, we find that female directors have better attendance records than male directors, male directors have fewer attendance problems the more gender-diverse the board is, and women are more likely to join monitoring committees. These results suggest that gender-diverse boards allocate more effort to monitoring. Accordingly, we find that CEO turnover is more sensitive to stock performance and directors receive more equity-based compensation in firms with more gender-diverse boards. However, the average effect of gender diversity on firm performance is negative. This negative effect is driven by companies with fewer takeover defenses. Our results suggest that mandating gender quotas for directors can reduce firm value for well-governed firms.

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About Mike Buchanan

I'm a men's human rights advocate, writer, and publisher. My primary focus is leading the political party I launched in 2013, Justice for Men & Boys (and the women who love them). I still work actively on two campaigns I launched in early 2012, Campaign for Merit in Business and the Anti-Feminism League. In 2014 I launched The Alternative Sexism Project, aiming to raise public understanding that the sexism faced by men and boys has far more grievous consequences than the sexism faced by women and girls.
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2 Responses to Adams and Ferreira paper (2008): ‘Women in the Boardroom and Their Impact on Governance and Performance’

  1. Pingback: Women in the Boardroom | Women and Boards | Scoop.it

  2. Pingback: Women in the Boardroom | Call for Greater Diversity in the Boardroom | Scoop.it

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