Replication data for: Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills?

Principal Investigator(s): View help for Principal Investigator(s) Daehyun Kim; Laura T. Starks

Name	File Type	Size	Last Modified
KimStarks_analyses.do	text/plain	7.8 KB	10/12/2019 07:02:AM
KimStarks_readme.pdf	application/pdf	111.1 KB	10/12/2019 07:02:AM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 07:02:AM
board_expertise.dta	application/octet-stream	33.2 KB	10/12/2019 07:02:AM
director_expertise.dta	application/octet-stream	428.8 KB	10/12/2019 07:02:AM
new_director_expertise_contribution.dta	application/octet-stream	9.2 KB	10/12/2019 07:02:AM

Project Citation:

Kim, Daehyun, and Starks, Laura T. Replication data for: Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills? Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113450V1

Project Description

Summary: We show that gender diversity in corporate boards could improve firm value because of the contributions that women make to the board. Prior studies examine valuation effects of gender-diverse boards and reach mixed conclusions. To help resolve this conundrum, we consider how gender diversity could affect firm value, that is, what mechanisms could explain how female directors benefit corporate board performance. We hypothesize and provide evidence that women directors contribute to boards by offering specific functional expertise, often missing from corporate boards. The additional expertise increases board heterogeneity which Kim and Starks (2015) show can increase firm value.

Scope of Project

JEL Classification:
      G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
      G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
      J16 Economics of Gender; Non-labor Discrimination
      L25 Firm Performance: Size, Diversification, and Scope

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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