Accounting and Finance Seminar - Olga Kuzmina (New Economic School)

19 February 2020, 1.00 PM - 19 February 2020, 2.15 PM

Olga Kuzmina

G.15, 15-19 Tyndalls Park Road

Title: "Gender diversity in corporate boards: Evidence from quota-implied discontinuities"

Abstract - "We use data across European corporate boards to investigate the e⁄ects of quota-induced
female representation, under minimal possible identication assumptions. We nd that having
more women in board causally increases Tobins Q, despite some negative e⁄ects on operating
performance and more likely employment downsizings. We interpret this evidence as rms
scaling down ine¢ cient operations. Our results highlight that gender quotas are not necessarily
a costly way of promoting equality."

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