Women in the Boardroom and their Impact on Governance and Performance
We show that female directors have a significant impact on board inputs and firm outcomes. In a sample of US firms, we find that female directors have...
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Closing the Gap: Board Gender Quotas and Hiring Practices
We study the impact of board gender quotas on firms’ hiring and retention practices. Female director tenure increases following the introduction of a...
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CITIZEN CORP.
Corporations are increasingly taking stands on a wide range of social issues: gun control, gender and race, immigration, abortion. Scholars have...
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No Need for Asia to be Woke: Contextualizing Anglo-America’s “Discovery” of Corporate Purpose
Viewed through an Anglo-American lens, corporate governance around the world is living a woke moment. Anglo-America’s recent “discovery” that...
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Valuation effects of Norway's board gender-quota law revisited
We highlight the complexities in estimating the valuation effects of board gender quotas by critically revisiting studies of Norway’s pioneering...
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Board gender-balancing, network information, and insider trading
Following Norway's forced board gender-balancing (12/2007), which more than doubled the network of female directors, the short-term market reaction...
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The Voting Behavior of Women-Led Mutual Funds
This paper examines the voting behavior of women-led mutual funds. We find that women-led mutual funds are more likely to support environmental and...
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The Big Three and Board Gender Diversity: The Effectiveness of Shareholder Voice
In 2017, “The Big Three” institutional investors launched campaigns to increase gender diversity on corporate boards. We estimate that their...
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Why do Investors Vote Against Corporate Directors?
We analyze voting records for management proposals and find that investors today hold directors accountable for a much wider range of issues, such as...
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Listed Companies' Engagement with Diversity: A Multi-Jurisdictional Study of Annual Report Disclosures
The paper reports the findings of a multi-jurisdictional study on companies? reporting of diversity practices at board level and below. It involved a...
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Does Socially Responsible Investing Change Firm Behavior?
Using micro-level data, we examine the behavior of socially responsible investment (SRI) funds. SRI funds select firms with lower pollution, more...
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Diversity Washing
We provide large-sample evidence on whether U.S. publicly traded corporations use voluntary disclosures about their commitments to employee...
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