Appointments, Pay and Performance in UK Boardrooms by Gender

• 成果类型: Article
• 署名作者: Gregory-Smith, Ian; Main, Brian G. M.; O'Reilly, Charles A., III
• 署名单位: University of Sheffield; University of Edinburgh; Stanford University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12102
• 发表日期: 2014
• 页码: F109-F128
• 关键词: firm performance; corporate boards; panel-data; remuneration committee; demographic diversity; DIRECTORS; women; REPRESENTATION; specification; DYNAMICS

摘要

This article uses UK data to examine issues regarding the scarcity of women in boardroom positions. The article examines appointments, pay and any associated productivity effects deriving from increased diversity. Evidence of gender-bias in the appointment of women as non-executive directors is found together with mixed evidence of discrimination in wages or fees paid. However, the article finds no support for the argument that gender diverse boards enhance corporate performance. Proposals in favour of greater board diversity may be best structured around the moral value of diversity, rather than with reference to an expectation of improved company performance.