Gender Quota and Firm’s Performance: A Focus on Italian and Spanish Companies from EURO STOXX 50
Author
Bettina C.K. Binder – (Hochschule Pforzheim)
Received August 1, 2017; accepted October 6, 2017.
Abstract
Gender diversity of management boards is a highly-debated issue worldwide. Aside from its ethical aspect, promoting equality and a greater inclusion is believed to have also positive effects on the financial performance of a company. National campaigns such as the “2020 Women on Boards” in the USA, or the “Women on the Board Pledge for Europe” at European level are just two examples of initiatives which aim at increasing the female percentage in management boards. In addition, some countries also adopted legal quotas to enhance the existence of diverse management boards. In this context, the present study focuses on the EURO STOXX 50 companies and the relationship between the gender composition of their boards and financial performance as measured by Earnings before Taxes (EBT). A special focus is laid on Italy and Spain, as both countries adopted legislative actions for increasing the proportion of women on boards.
La diversidad de género de los consejos de administración es un tema muy debatido en todo el mundo. Además de su aspecto ético, se cree que promover la igualdad y una mayor inclusión también tiene efectos positivos en el desempeño financiero de una empresa. Las campañas nacionales como “2020 Women on Boards” en los EE. UU. O “Women on the Board Pledge for Europe” a nivel europeo son solo dos ejemplos de iniciativas que apuntan a aumentar el porcentaje de mujeres en las juntas directivas. Además, algunos países también adoptaron cuotas legales para mejorar la existencia de diversos consejos de administración. En este contexto, el presente estudio se centra en las empresas EURO STOXX 50 y la relación entre la composición de género de sus directorios y el desempeño financiero medido por Ganancias antes de impuestos (EBT). Se hace especial hincapié en Italia y España, ya que ambos países adoptaron medidas legislativas para aumentar la proporción de mujeres en los consejos.
Citation
Binder, B. (2017). Gender Quota and Firm’s Performance: A Focus on Italian and Spanish Companies from EURO STOXX 50. European Accounting and Management Review, 4(1), 1-18.
Figures
Keywords
- Gender quota
- Firm performance
- Earnings before taxes (EBT)
- EURO STOXX 50 index
- Italy
- Spain
Palabras clave
- Cuota de género
- Resultados de la empresa
- Ganancias antes de impuestos (EBT)
- EURO STOXX 50 index
- Italia
- España
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