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Financial Review· 2026Q2

Does Board Gender Diversity at Target Firms Influence Acquisition Outcomes? Us Evidence

Natasha Burns, Abeyratna Gunasekarage, Hoa Luong, Kristina Minnick et al.

Short summary

Gender-diverse boards at target firms in US public-to-public M&A deals (1999-2022) receive higher acquisition premiums and take longer to complete, benefiting target shareholders at the expense of acquirer shareholders.

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Field: Gender Studies

Gender StudiesSocial Sciences