A Female Style in Corporate Leadership? Evidence from Quotas
研究挪威2006年董事会性别配额制对企业决策的影响,发现受配额影响的企业裁员更少、劳动力成本更高、短期利润更低,且效果在之前无女性董事的企业中更显著。
This paper studies the impact of gender quotas for corporate board seats on corporate decisions. We examine the introduction of Norway's 2006 quota, comparing affected firms to other Nordic companies, public and private, that are unaffected by the rule. We find that affected firms undertake fewer workforce reductions than comparison firms, increasing relative labor costs and employment levels and reducing short-term profits. The effects are strongest among firms without female board members beforehand and are present even for boards with older and more experienced members afterward. The boards appear to be affecting corporate strategy in part by selecting like-minded executives.