Women on the board and executive tenure

Achim Buchwald, Hanna Hottenrott

Research output: Contribution to journalArticlepeer-review

14 Scopus citations

Abstract

The participation of women in top-level corporate boards is subject to intense public debate. Countries are considering binding quotas to increase the share of women on boards or have already implemented such rules. Although research on board diversity suggests positive effects on corporate governance and firm performance, the mechanisms through which these benefits materialize remain mostly speculative. This study focuses on boards of directors in a large sample of listed companies in 15 European countries and finds that female representation on nonexecutive boards is associated with reduced turnover, an increase in tenure, and also a higher performance-turnover sensitivity of executives.

Original languageEnglish
Pages (from-to)741-760
Number of pages20
JournalManagerial and Decision Economics
Volume40
Issue number7
DOIs
StatePublished - 1 Oct 2019

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