Work

Interdependencies of female board member appointments

Year: 2022

Type: article

Abstract: We investigate the appointments of female board members of Japanese corporations together with the corporations’ performance. We relate the presence of female board members to the board and ownership networks of the corresponding firms. We find that firms with female board members often show above average performance. We also find that corporate boards and the corresponding members show homophily with respect to gender in their networks. The observed homophily leads to interdependencies in the appointments of new board members. New appointments of female board members are more likely at firms with ties to other boards with female board members.

Source: International Review of Financial Analysis

DOI: 10.1016/j.irfa.2022.102080

Authors: Matthias Raddant, Hiroshi Takahashi

Institutions: Universität für Weiterbildung Krems, Keio University, Christian-Albrechts-Universität zu Kiel, Complexity Science Hub

Language: English

Topic: Gender Diversity and Inequality

Subfield: Gender Studies

Field: Social Sciences

Domain: Social Sciences

SDG: Gender equality

Open Access status: hybrid

Estimated APC paid: $2,530