Appointments, Pay and Performance in UK Boardrooms by Gender

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Female directors, board committees and firm performance (2018, unknown): “Farrell and Hersch (2005), and Gregory-Smith et al. (2014) examine the appointment of new directors and find that the incidence of female appointments is significantly higher if the immediate predecessor was a female.”
Corporate Social Responsibility and Gender Diversity: Insights from Asia Pacific (2017, background): “…of appointing female directors are not universally acknowledged in the management literature with some scholars arguing that appointing female directors in response to regulatory pressure has, at best, a limited effect on firm outcomes and value (Adams & Ferreira, 2009; Gregory-Smith et al., 2014).”
Women on board: does boardroom gender diversity affect firm risk? (2016, methodology): “Overall, the results of both Farrell and Hersch (2005) and Gregory-Smith et al. (2014) confirm that neither a director’s gender nor the proportion of female directors on the board are exogenous random 8 variables, and that reverse causality is likely to be an issue when investigating the impact of…”