The Effectiveness of Gender Diversity Reforms and the Impact of a Familial Culture: A Spillover Effect on Board Independence

Poletti-Hughes, Jannine and Dimungu Hewage, Dilrukshi (2022) The Effectiveness of Gender Diversity Reforms and the Impact of a Familial Culture: A Spillover Effect on Board Independence. British Journal Of Management, 34 (3). pp. 1316-1339. ISSN 1467-8551

Preview

Text British J of Management - 2022 - Poletti‐Hughes - The Effectiveness of Gender Diversity Reforms and the Impact of a.pdf - Publisher's typeset copy Available under License Creative Commons Attribution 4.0 International (CC BY 4.0) . Download (460kB) | Preview

Abstract or description

This study examines the impact of board gender diversity reforms (i.e. voluntary and regulatory) on both their effectiveness in increasing independent female directors on boards and board independence in a sample of 41 countries (10,313 unique firms and 82,613 firm-year observations). In an initial analysis, we find that voluntary self-regulation via a comply-or-explain reform decreases the number of independent female directors on boards and board independence. However, after incorporating the moderating effect of national culture, we find that such comply-or-explain reforms are ineffective only in countries where the inclusion/role of women in labour markets is limited (i.e. familial culture). By contrast, quota reforms boost the appointment of independent female directors and board independence despite the cultural setting, signifying positive actions towards good corporate governance practices.

Item Type:	Article
Uncontrolled Keywords:	Corporate Governance
Faculty:	Staffordshire Business School > Accounting and Finance
Depositing User:	Dilrukshi Dimungu Hewage
Date Deposited:	20 Oct 2023 16:01
Last Modified:	20 Oct 2023 16:01
URI:	https://eprints.staffs.ac.uk/id/eprint/7937

Actions (login required)

View Item