Female Board Representation and Corporate Performance: A Review and New Estimates for Australia

Arbeitspapier

Despite a conventional wisdom that female board members positively impact firm performance, a thorough examination of the research to date reveals no consensus that female board members have either a positive or negative effect on firm performance. We build the largest dataset of Australian board appointments assembled to date. We use our data to demonstrate how difficult it is to replicate existing research, with one example from Australia and one from the US. Using event studies and regression analyses we demonstrate that there is little evidence that female board representation affects firm financial performance.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 16617

Classification and Topics

• Classification: Wirtschaft ; Economics of Gender; Non-labor Discrimination ; Economic History: Financial Markets and Institutions: General, International, or Comparative ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Subject: firm performance ; board of directors ; gender representation ; female directors

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bayly, Nicholas ; Breunig, Robert ; Wokker, Chris
• Event: Veröffentlichung
• (who): Institute of Labor Economics (IZA)
• (where): Bonn
• (when): 2023

Further information

• Handle: http://hdl.handle.net/10419/282744
• Last update: 10.03.2025, 11:46 AM CET