Female board representation and firm value: International evidence

This study delves into the intricate relationship between female representation on corporate boards and firm valuation. By scrutinizing a comprehensive dataset comprising 15,813 unique firms spanning across 116 countries, our analysis elucidates the global ramifications of female board membership on firm value, employing Tobin's Q as a proxy measure. The findings of this research present compelling evidence supporting the notion that increased female representation on boards positively influences firm value. Moreover, this paper underscores the tangible benefits associated with the inclusion of female directors in boardrooms.

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Publication Details

Journal
Finance research letters
Published
2024-08-23
DOI
https://doi.org/10.1016/j.frl.2024.105998
Citations
7
Primary Topic
Gender Diversity and Inequality
Type
article
Field-Weighted Citation Impact
6.51
Controls
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article

Female board representation and firm value: International evidence

Wendi Huang
7 citations
Finance research letters
Gender Diversity and Inequality
6.51
article

Female board representation and firm value: International evidence

Wendi Huang
article en
7 citations

Abstract

This study delves into the intricate relationship between female representation on corporate boards and firm valuation. By scrutinizing a comprehensive dataset comprising 15,813 unique firms spanning across 116 countries, our analysis elucidates the global ramifications of female board membership on firm value, employing Tobin's Q as a proxy measure. The findings of this research present compelling evidence supporting the notion that increased female representation on boards positively influences firm value. Moreover, this paper underscores the tangible benefits associated with the inclusion of female directors in boardrooms.

Finance research lettersVol. 68
University of Manchester (GB)
Gender equality
Openalex Percentile: Top 3%
Gender Diversity and Inequality
6.51
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