The Quarterly Journal of Economics· 2012Q1
The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation *
- 1,589citations
- Q1SCImago
- 2012year
Short summary
Norway's 2003 law mandating 40% female board representation led to a significant drop in firm stock prices and Tobin's Q, indicating that firms were forced to compromise value-maximizing board compositions.
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Gender StudiesSocial Sciences