Gender Diversity on the Board - BI Norwegian Business School

GRA 19001 Master Thesis
Appendixes
Methodology
Table 1.A1: Items used from the CCGR-database
Item no. Description
2 CEO gender
11 Operating income
19 Operating profit
24 Other interest received
25 Other financial income
63 Fixed assets
78 Current assets
127 Return on assets
402 Listing status
602 Board size
608 Female stockholder-elected directors
11103 Industry codes
13420 Firm age
14504 is_Subsidiary
15302 Largest ultimate family owner
Table 1.A2: Definitions of corporate finance variables
Variable Abbreviation Definition
Operating Earnings EBI
Before Interest After Tax
{ [19 Results of operations] + [20 Income
from subsidiaries] + [21 Income from other
group entities] + [22 Income from associates]
+ [23 Interest received from group companies]
+ [24 Other interest received] + [25 Other
financial income] + [26 Changes in marked
value of financial current assets] }
* { 1- ( -[34 Tax on ordinary result] / [33
Operating results before tax] or 28% if null )}
Total Assets A [63 Fixed assets] + [78 Current assets]
Sales S [11 Sum operating income] + [24 Other
interest received] + [25 Other financial income]
Return on Assets ROA ROA: [EBI]/IIf([A]=0,Null,[a])
Percent of female
stockholder-elected
directors
Female
stockholderelected
directors
{[608 Female stockholder-elected
directors]/[602 Board size]}
Percent largest ultimate Family {[15302 Largest ultimate family owner]/100}
family owner
ownership
CEO gender CEO gender {1 if CEO is female, and 0 if CEO is male}
31