Gender diversity and firm performance: evidence from Dutch and Danish boardrooms

Drawing on the business case for gender diversity, this article examines whether board gender diversity has a positive effect on firm performance, based on evidence from the Netherlands and Denmark. We use empirical data on 186 listed firms observed in 2007. Almost 40% have at least one woman in the...

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Bibliographic Details
Published in:International journal of human resource management 2016-08, Vol.27 (15), p.1777-1790
Main Authors: Marinova, Joana, Plantenga, Janneke, Remery, Chantal
Format: Article
Language:English
Subjects:
board diversity
Boards of directors
corporate governance
Denmark
female board representation
firm performance
Gender
Gender differences
Gender differentiation
Netherlands
Performance evaluation
Studies
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Summary:Drawing on the business case for gender diversity, this article examines whether board gender diversity has a positive effect on firm performance, based on evidence from the Netherlands and Denmark. We use empirical data on 186 listed firms observed in 2007. Almost 40% have at least one woman in the boardroom. Within boards, the average share of women is only 5.4%. To investigate the impact of board gender diversity, two-stage least-squares estimation is applied, using Tobin's Q as a measure of performance. Our findings indicate that on the basis of this data-set, there is no relation between board diversity and firm performance.
ISSN:0958-5192
1466-4399
DOI:10.1080/09585192.2015.1079229