Gender and Board Activeness: The Role of a Critical Mass

Miriam Schwartz-Ziv

doi:10.1017/S0022109017000059

Gender and Board Activeness: The Role of a Critical Mass

Miriam Schwartz-Ziv

Research output: Contribution to journal › Article › peer-review

Abstract

This study analyzes detailed minutes of board meetings of business companies in which the Israeli government holds a substantial equity interest. Boards with at least 3 directors of each gender are found to be at least 79% more active at board meetings than those without such representation. This phenomenon is driven by women directors in particular; they are more active when a critical mass of at least 3 women is in attendance. Gender-balanced boards are also more likely to replace underperforming chief executive officers (CEOs) and are particularly active during periods when CEOs are being replaced.

Original language	English
Pages (from-to)	751-780
Number of pages	30
Journal	Journal of Financial and Quantitative Analysis
Volume	52
Issue number	2
DOIs	https://doi.org/10.1017/S0022109017000059
State	Published - 1 Apr 2017
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 5 Gender Equality

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

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10.1017/S0022109017000059

Cite this

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abstract = "This study analyzes detailed minutes of board meetings of business companies in which the Israeli government holds a substantial equity interest. Boards with at least 3 directors of each gender are found to be at least 79\% more active at board meetings than those without such representation. This phenomenon is driven by women directors in particular; they are more active when a critical mass of at least 3 women is in attendance. Gender-balanced boards are also more likely to replace underperforming chief executive officers (CEOs) and are particularly active during periods when CEOs are being replaced.",

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Gender and Board Activeness: The Role of a Critical Mass

Abstract

UN SDGs

ASJC Scopus subject areas

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