TITLE

Women on the Board and Managers' Pay: Evidence from Spain

AUTHOR(S)
Lucas-Pérez, Maria; Mínguez-Vera, Antonio; Baixauli-Soler, Juan; Martín-Ugedo, Juan; Sánchez-Marín, Gregorio
PUB. DATE
June 2015
SOURCE
Journal of Business Ethics;Jun2015, Vol. 129 Issue 2, p265
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The current literature shows great interest in the issue of gender diversity on boards of directors. Some studies have hypothesized a direct relationship between diversity and the value of the firm, but not many examine the intermediate mechanisms that may exert an influence on such relationships. We employ two stages of GMM estimation methodology to exhibit evidences of the relationship between gender diversity and compensation of top managers in the Spanish context. Results show that gender diversity positively affects the effectiveness of boards-in terms of composition, structure, size and functioning-influencing a proper design of top managers compensation linked to company performance. Evidences suggest that legislative actions aimed at increasing the presence of women on boards of directors are justified not only for ethical reasons, but also for reasons of economic efficiency.
ACCESSION #
103122949

 

Related Articles

  • Gender, Ethnic and Age Diversity of the Boards of Large Malaysian Firms and Performance. Shamsul Nahar Abdullah; Ku Nor Izah Ku Ismail // Jurnal Pengurusan;2013, Vol. 38, p27 

    Board diversity is important especially in countries which practice a one-tier board system, such as Malaysia. Under the system, board appointments are usually controlled by the firm's substantial shareholders, and as a result, directors are chosen based on "the old-boy" network or "people like...

  • Does Confucianism Reduce Board Gender Diversity? Firm-Level Evidence from China. Du, Xingqiang // Journal of Business Ethics;Jun2016, Vol. 136 Issue 2, p399 

    This study extends previous literature on the association between Confucianism and corporate decisions by examining Confucianism's influence on board gender diversity. Using a sample of Chinese listed firms during the period of 2001-2011 and geographic-proximity-based Confucianism variables, I...

  • A Wish List for Comp Committees. Hall, Steven // NACD Directorship;Jan/Feb2014, Vol. 40 Issue 1, p60 

    The author predicts issues that directors of corporations will face in 2014 and offers advice on dealing with them. He recommends drafting the 2014 Compensation Discussion and Analysis (CD&A) early on and to write it clearly in a graphic-intensive format. He reminds corporate boards that past...

  • Boards: Embrace a more inclusive definition of diversity. Zuehlke, Jim // Directors & Boards;2013 Fourth Quarter, Vol. 38 Issue 1, p44 

    The article focuses on the author's views about the significance of adopting a strategy of diversity in corporate boards. A Senate Resolution passed by the state of California which calls on publicly held companies to place at least three women on corporate boards with nine or more seats....

  • WOMEN ON BOARDS AND FIRM FINANCIAL PERFORMANCE: A META-ANALYSIS. POST, CORINNE; BYRON, KRIS // Academy of Management Journal;Oct2015, Vol. 58 Issue 5, p1546 

    Despite a large body of literature examining the relationship between women on boards and firm financial performance, the evidence is mixed. To reconcile the conflicting results, we statistically combine the results from 140 studies and examine whether these results vary by firms'...

  • Five trends in board refreshment. GWIN, BONNIE; HANSON, LEE // Directors & Boards;2015 Annual Report, Vol. 39 Issue 4, p70 

    The article discusses the five trends in corporate board recruitment and refreshment. The five trends include the chief executive officer (CEO) and chief financial officer (CFO) share of new appointments in the board, the increase in the number of female directors, and diversity in the board....

  • Gender Diversity in the Boardroom and Risk Management: A Case of R&D Investment. Chen, Shimin; Ni, Xu; Tong, Jamie // Journal of Business Ethics;Jul2016, Vol. 136 Issue 3, p599 

    Increasing gender diversity in the boardroom has been promoted as a way to enhance corporate governance and risk management. This study empirically examines whether boards with more female directors play a role in reducing R&D risk. We first show that female directors help to reduce the positive...

  • Does Board Gender Diversity Have a Financial Impact? Evidence Using Stock Portfolio Performance. Chapple, Larelle; Humphrey, Jacquelyn // Journal of Business Ethics;Jul2014, Vol. 122 Issue 4, p709 

    There is growing regulatory pressure on firms worldwide to address the under-representation of women in senior positions. Regulators have taken a variety of approaches to the issue. We investigate a jurisdiction that has issued recommendations and disclosure requirements, rather than...

  • Lack of diverse boardroom thinking.  // Governance Newsletter;Sep2015, Issue 255, p4 

    The article discusses the study regarding the impact of the corporate governance in the performance of a company. Topics discussed include the core aspects of corporate governance such as business culture, board composition, and strategic planning, the importance of industry experience of board...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics