Gender Diversity on the Board - BI Norwegian Business School
Gender Diversity on the Board - BI Norwegian Business School
Gender Diversity on the Board - BI Norwegian Business School
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GRA 19001 Master Thesis<br />
Abstract<br />
In this <strong>the</strong>sis we examine <strong>the</strong> interacti<strong>on</strong> between firm characteristics and gender<br />
diversity in <strong>the</strong> boardroom, focusing <strong>on</strong> large n<strong>on</strong>listed firms. By studying certain<br />
governance characteristics in <strong>the</strong>se firms, we document that firms with diverse boards<br />
may differ from those with less diverse boards.<br />
Our results show that <strong>the</strong> share of family ownership in n<strong>on</strong>listed firms matters for<br />
gender diversity <strong>on</strong> <strong>the</strong> board. Higher share of family ownership is related positively to<br />
<strong>the</strong> share of female stockholder-elected board directors, and may suggest that more<br />
directors are recruited within families. C<strong>on</strong>sistent with our hypo<strong>the</strong>sis we document that<br />
<strong>the</strong> CEO being female, leads to more female stockholder-elected directors, indicating<br />
that <strong>the</strong> CEO seems to have an impact <strong>on</strong> corporate policies in n<strong>on</strong>listed firms. We find<br />
no evidence that performance interacts with gender diversity <strong>on</strong> corporate boards in<br />
n<strong>on</strong>listed firms.<br />
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