Does Gender Matter in the Boardroom? Evidence from the Market Reaction to Mandatory New Director Announcements

By Renée B. Adams, Stephen Gray, J. Nowland. 2011

123 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/2310b708dba5c574bbdf6404fddc2de5701735e4

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Citations in the corpus

A Female Style in Corporate Leadership? Evidence from Quotas (2013, unknown): “Nevertheless, Adams, Gray, and Nowland (2011) find that shareholders react more positively to new appointments of female directors than to male directors at Australian firms (outside of a quota setting).”
Does Boardroom Gender Diversity Matter? Evidence from a Transitional Economy (2015, background): “…we argue that if female directors provide greater monitoring expertise, which is more valuable in a weak CG environment (Adams & Ferreira, 2009; Adams et al., 2011; Gul et al., 2011), it may be expected that Vietnamese listed companies with more gender-diverse boards will enjoy better…”
Does Board Gender Diversity Have a Financial Impact? Evidence Using Stock Portfolio Performance (2013, methodology): “Adams et al. (2011) examine director appointments and find that the stock market reacts more favourably to the appointment of women directors than men directors.”
Board gender diversity and firm performance: The UK evidence (2020, background): “Adams and Ferreira (2009) and Adams et al. (2011) found that female directors have better monitoring ability as they think independently and board gender diversity also increases managerial accountability, such as improving board meeting attendance and CEO accountability.”
The impact of board gender composition on dividend payouts (2017, background): “For example, female directors tend to be less conformist and they are also more vocal than their male counterparts (Carter et al., 2003; Adams and Ferreira, 2009; Adams et al., 2011).”
Women on board: does boardroom gender diversity affect firm risk? (2016, background): “Ahern and Dittmar (2012) document a decline in equity prices following the introduction of a gender quota in Norway, while Adams, Gray, and Nowland (2011) find that appointments of female directors result in higher stock market performance than male director appointments.”