Marques, Ana ORCID: https://orcid.org/0000-0003-1595-0028 and Pascaru, Olga
(2023)
Voluntary gender diversity targets and their impact on firm performance and firm value.
Journal of International Accounting Research, 22 (3).
157–173.
ISSN 1542-6297
![]() |
Microsoft Word (OpenXML) (JIAR-Marques & Pascaru - Jan2023)
- Accepted Version
Download (151kB) |
Abstract
Regulators in the United Kingdom recommend that 33 percent of board members of large U.K. firms be female by 2020. We use this setting to investigate whether greater female representation and any associated financial benefits can be achieved without establishing quotas. Using data between 2012 and 2018 for the Financial Times Stock Exchange (FTSE) 350 firms, we find a significant increase in female representation on boards in recent years, and the rate of increase in gender diversity is higher in these years. Our results also indicate that board gender diversity is positively associated with both financial performance and firm value. However, this association exists only in recent years. Finally, capital market participants value nonexecutive female board members more than executive female board members.
Item Type: | Article |
---|---|
Uncontrolled Keywords: | davies report,ftse 350,executive directors,gender quotas,business and international management,accounting ,/dk/atira/pure/subjectarea/asjc/1400/1403 |
Faculty \ School: | Faculty of Social Sciences > Norwich Business School |
UEA Research Groups: | Faculty of Social Sciences > Research Groups > Accounting & Quantitative Methods |
Related URLs: | |
Depositing User: | LivePure Connector |
Date Deposited: | 07 Feb 2023 16:32 |
Last Modified: | 07 Nov 2023 02:44 |
URI: | https://ueaeprints.uea.ac.uk/id/eprint/91068 |
DOI: | 10.2308/JIAR-2021-010 |
Downloads
Downloads per month over past year
Actions (login required)
![]() |
View Item |