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Additions to corporate boards: the effect of gender

TLDR
In this article, the authors show that the likelihood of a firm adding a woman to its board in a given year is negatively affected by the number of women already on the board.
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This article is published in Journal of Corporate Finance.The article was published on 2005-03-01 and is currently open access. It has received 1026 citations till now. The article focuses on the topics: Diversity (business).

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Citations
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Journal ArticleDOI

Women in the boardroom and their impact on governance and performance

TL;DR: This paper found that female directors have better attendance records than male directors, male directors have fewer attendance problems the more gender-diverse the board is, and women are more likely to join monitoring committees.
Journal ArticleDOI

Gender Diversity in the Boardroom and Firm Financial Performance

TL;DR: In this article, the authors investigated the link between the gender diversity of the board and firm financial performance in Spain, a country which historically has had minimal female participation in the workforce, but which has now introduced legislation to improve equality of opportunities.
Journal ArticleDOI

Women in the Boardroom and Their Impact on Governance and Performance

TL;DR: This article found that female directors have better attendance records than male directors, male directors have fewer attendance problems the more gender-diverse the board is, and women are more likely to join monitoring committees.
Journal ArticleDOI

The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey

TL;DR: A survey of the literature on boards of directors, with an emphasis on research done subsequent to the Benjamin E. Hermalin and Michael S. Weisbach (2003) survey, can be found in this article.
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The Determinants of Board Structure

TL;DR: Using a comprehensive sample of nearly 7,000 firms from 1990 to 2004, this paper examined corporate board structure, its trends, and its determinants, finding that firms structure their boards in response to the costs and benefits of the board's monitoring and advising roles.
References
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Journal ArticleDOI

Corporate governance, chief executive officer compensation, and firm performance

TL;DR: This article found that measures of board and ownership structure explain a significant amount of cross-sectional variation in CEO compensation, after controlling for standard economic determinants of pay, and that CEOs earn greater compensation when governance structures are less effective.
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The Effects of Board Composition and Direct Incentives on Firm Performance

TL;DR: In this paper, the authors measure difference in firm performance caused by broad composition and ownership structure and control for a number of otheк variables that are likely to be correlated with corporate performance.
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Corporate Governance, Board Diversity, and Firm Value

TL;DR: In this article, the authors examined the relationship between board diversity and firm value for Fortune 1000 firms and found that the proportion of women and minorities on boards increases with firm size and board size, but decreases as the number of insiders increases.
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Outside directors, board independence, and shareholder wealth☆

TL;DR: In this article, the authors examine the wealth effects surrounding outside director appointments and find no clear evidence that outside directors of any particular occupation are more or less valuable than others, consistent with the hypothesis that outside board members are chosen in the interest of shareholders.
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Firm Performance and Board Committee Structure

TL;DR: In this article, a linkage between firm performance and board composition by examining the committee structure of boards and the directors' roles within these committees was demonstrated, showing that firms significantly increasing inside director representation on these two committees experience significantly higher contemporaneous stock returns and return on investments than firms decreasing the percentage of inside directors on these committees.
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Frequently Asked Questions (2)
Q1. What contributions have the authors mentioned in the paper "Additions to corporate boards: the effect of gender" ?

Over this decade, the authors show that the likelihood of a firm adding a woman to its board in a given year is negatively affected by the number of woman already on the board. Although the authors find that women tend to serve on better performing firms, they also document insignificant abnormal returns on the announcement of a woman added to the board. Rather than the demand for women directors being performance based, their results suggest corporations responding to either internal or external calls for diversity. 

One possibility is that firms may simply be responding to outside pressure to create greater diversity.