Firm Performance and Women on the Board: Evidence from Spanish Small and Medium-Sized Enterprises

• Published in: Feminist economics Vol. 20; no. 3; pp. 136 - 162
• Main Authors: Martín-Ugedo, Juan Francisco, Minguez-Vera, Antonio
• Format: Journal Article
• Language: English
• Published: Abingdon Routledge 01.07.2014; Taylor & Francis LLC
• Subjects: Boards of directors; Consumers; Cultural Pluralism; Directors; Elections; Ethics; Female employees; Females; Financial performance; Gender; Labour force; Organizational Effectiveness; Ownership; Return on assets; Risk; Sex; Small & medium sized enterprises-SME; Small and medium sized enterprises; Spain; Studies; Women; women's labor force participation; Workplace diversity; Spain

This study examines gender diversity on boards of directors in a sample of nonfinancial Spanish small and medium-sized enterprises (SMEs) for 2003-8, finding that the probability of women on the board increases with firm performance, defined as return on assets, and family ownership, but diminishes...