女性董事会代表与公司价值：国际证据

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-08-22 DOI:10.1016/j.frl.2024.105998

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引用次数: 0

摘要

本研究深入探讨了公司董事会中女性代表与公司估值之间错综复杂的关系。通过仔细研究由横跨 116 个国家的 15,813 家独特公司组成的综合数据集，我们的分析阐明了女性董事会成员对公司价值的全球影响，并采用托宾 Q 作为替代指标。研究结果提供了令人信服的证据，证明增加董事会中的女性代表人数会对公司价值产生积极影响。此外，本文还强调了女性董事进入董事会所带来的切实利益。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Female board representation and firm value: International evidence

This study delves into the intricate relationship between female representation on corporate boards and firm valuation. By scrutinizing a comprehensive dataset comprising 15,813 unique firms spanning across 116 countries, our analysis elucidates the global ramifications of female board membership on firm value, employing Tobin's Q as a proxy measure. The findings of this research present compelling evidence supporting the notion that increased female representation on boards positively influences firm value. Moreover, this paper underscores the tangible benefits associated with the inclusion of female directors in boardrooms.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance