Can Increasing Female Representation on Boards Improve Investment Practices?

Summary

This study explores the impact of board gender diversity (BGD) on the investment efficiency of firms worldwide. The researchers compiled a comprehensive list of 83 interventions aimed at increasing female representation on corporate boards across 59 countries from 1999 to 2021. The study uses a staggered difference-in-differences approach to determine how these BGD interventions affect firms’ investment practices and overall efficiency.