Abstract
This study analyzes detailed minutes of board meetings of business companies in which the Israeli government holds a substantial equity interest. Boards with at least 3 directors of each gender are found to be at least 79% more active at board meetings than those without such representation. This phenomenon is driven by women directors in particular; they are more active when a critical mass of at least 3 women is in attendance. Gender-balanced boards are also more likely to replace underperforming chief executive officers (CEOs) and are particularly active during periods when CEOs are being replaced.
| Original language | English |
|---|---|
| Pages (from-to) | 751-780 |
| Number of pages | 30 |
| Journal | Journal of Financial and Quantitative Analysis |
| Volume | 52 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1 Apr 2017 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2017 Michael G. Foster School of Business, University of Washington.
