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Appears in Collections:Accounting and Finance Working Papers
Peer Review Status: Refereed
Title: The Influence Of Gender On Spanish Boards Of Directors: An Empirical Analysis
Author(s): Campbell, Kevin
Minguez-Vera, Antonio
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Citation: Campbell K & Minguez-Vera A (2007) The Influence Of Gender On Spanish Boards Of Directors: An Empirical Analysis. IVIE Working paper, WP-EC 2007-08.
Keywords: women
board of directors
firm value
Issue Date: 31-Dec-2007
Date Deposited: 3-Apr-2013
Publisher: IVIE
Series/Report no.: IVIE Working paper, WP-EC 2007-08
Abstract: Many studies have examined the impact of various characteristics of the board of directors on firm value. However, little attention has been paid to the impact of female board membership on firm value, with the exception of a number of U.S. studies. The aim of this paper is to investigate this issue in a specific context - the Spanish market. We find that the stock market reacts positively to the announcement of a female board appointment, using a non-parametric test, though the result is inconclusive when a parametric test is used. We also find an insignificant relationship between the presence and percentage of women on the board, and firm value, and we find that the opposite causal relationship is also insignificant.
Type: Working Paper
Rights: Publisher has granted us permission to include this working paper published in 2007 by the Instituto Valenciano de Investigaciones Económicas (Ivie), in its EC Working Paper Series, No. 08.
Affiliation: Accounting & Finance
Polytechnic University of Cartagena

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