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The effect of board gender quotas on the financial performance of companies : Evidence from France

Orlé, C.P.W. van (2023) The effect of board gender quotas on the financial performance of companies : Evidence from France.

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Abstract:In today’s dynamic business landscape, numerous studies have explored the relationship between board gender quotas and the financial performance of companies. However, the outcomes of these studies have been diverse, presenting a range of conclusions. Building upon this existing body of research, this paper examines the effect of board gender quotas on firm performance in France. Using a Differences-in-Differences analysis for the period from 2008 to 2017, the study analyses a market-based measure as well as accounting-based measures to measure firm performance. The study makes use of three different regression models, based on the Ordinary Least Squares method and the Fixed Effects method. The findings reveal mixed results for a sample of 108 firms from the SBF120 index, with mostly weak and statistically insignificant coefficients for the financial performance measures. Therefore, this study supports the existing evidence stating that there is no significant effect of board gender quotas on the financial performance of companies. With an increasing number of countries implementing board gender quotas aimed at promoting gender diversity and equality in corporate leadership, this research offers useful empirical guidance to regulators on the issue.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:https://purl.utwente.nl/essays/95416
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