Using a panel data of Italian corporate companies, this paper evaluates the impact of mandatory gender quotas in corporate boards in the financial sector. We find that gender quotas reduce glass ceiling barriers in this traditionally male industry, increasing women’s presence on boards of both companies targeted by the law and in those that are not, with positive spillover effects on this subsample. We also find that the higher women’s presence on boards has different impacts on firms’ financial performance: it has a negative effect on the financial sector as a whole and a positive one on firms with small boards. Our results support the introduction of gender quotas, given its positive spillover effects on glass ceiling barriers and on the overall increased women’s presence on boards.

Pistoresi, Barbara, Erica, Poma e Alberto, Rinaldi. "Gender quotas between glass ceiling crack and firm performance: evidence from Italy's financial sector" Working paper, DEMB WORKING PAPER SERIES, Dipartimento di Economia Marco Biagi - Università degli Studi di Modena e Reggio Emilia, 2022. https://doi.org/10.25431/11380_1270586

Gender quotas between glass ceiling crack and firm performance: evidence from Italy's financial sector

Pistoresi Barbara;Poma Erica;Rinaldi Alberto
2022

Abstract

Using a panel data of Italian corporate companies, this paper evaluates the impact of mandatory gender quotas in corporate boards in the financial sector. We find that gender quotas reduce glass ceiling barriers in this traditionally male industry, increasing women’s presence on boards of both companies targeted by the law and in those that are not, with positive spillover effects on this subsample. We also find that the higher women’s presence on boards has different impacts on firms’ financial performance: it has a negative effect on the financial sector as a whole and a positive one on firms with small boards. Our results support the introduction of gender quotas, given its positive spillover effects on glass ceiling barriers and on the overall increased women’s presence on boards.
Marzo
Pistoresi, Barbara; Poma, Erica; Rinaldi, Alberto
Pistoresi, Barbara, Erica, Poma e Alberto, Rinaldi. "Gender quotas between glass ceiling crack and firm performance: evidence from Italy's financial sector" Working paper, DEMB WORKING PAPER SERIES, Dipartimento di Economia Marco Biagi - Università degli Studi di Modena e Reggio Emilia, 2022. https://doi.org/10.25431/11380_1270586
File in questo prodotto:
File Dimensione Formato  
0211.pdf

accesso aperto

Tipologia: Versione dell'editore (versione pubblicata)
Dimensione 806.04 kB
Formato Adobe PDF
806.04 kB Adobe PDF Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

Licenza Creative Commons
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11380/1270586
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact