Title

Do Women Directors Improve Firm Performance and Risk in India?

Source of Publication

Quarterly Journal of Finance

Abstract

© 2020 World Scientific Publishing Company. Midwest Finance Association. We examine board diversity in India following a 2013 law requiring all public companies to have at least one female board member. Our results indicate that having women on the board of directors improves firm performance and reduces firm bankruptcy risk. Using data on directors' backgrounds and social connections, we find that important factors include female directors' independence, social network size, committee memberships, and graduate education. Our results hold after addressing endogeneity using instrumental variable (IV) and difference-in-differences (DID) approaches.

Document Type

Article

Publisher

World Scientific Pub Co Pte Lt

Publication Date

1-1-2020

DOI

10.1142/s2010139221500063

Author First name, Last name, Institution

Rwan El-Khatib, Zayed University
Nishi Joy, University of Stirling

Scopus ID

85096585761

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