Beside arguments of fairness and equal opportunities, it is often argued that gender diversity on boards of directors may improve firm performance, but the empirical results are mixed and often negative. Based on the available research, gender quotas on boards of directors cannot be justified on the grounds of economic efficiency. Furthermore, in most countries a limited number of women are qualified to join boards of directors, and it is not clear from the evidence to date on the operation of quotas whether they will lead to a better pool of female candidates in the medium and long term.
Iza World of Labor, 2013, Vol 1, Issue 1
gender quotas, boards of directors, firm performance