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Female board representation and firm value: International evidence

Year: 2024

Type: article

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.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.105998

Author: Wendi Huang

Institution: University of Manchester

Language: English

Topic: Gender Diversity and Inequality

Subfield: Gender Studies

Field: Social Sciences

Domain: Social Sciences

SDGs: Gender equality, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $3,350