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Gender diversity on corportate boards: directors' perceptions of board functioning and gender quotas

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dc.contributor.authorArnardottir, Audur Arna
dc.contributor.authorSigurjonsson, Throstur Olaf
dc.contributor.authorGabaldón, Patricia
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-08T13:14:14Z
dc.date.available2024-07-08T13:14:14Z
dc.date.issued2023
dc.description.abstractThis research explores how increased gender diversity on corporate boards in Iceland,driven by applying a ?hard? public policy,i.e.,board gender quota legislation,has affected post-quota board directors‘ perceptions of board functioning. This study falls into the growing literature on board diversity (Boshanna,2021; Li et al.,2020). Directors‘ opinions towards board decision-making and monitoring activities are researched,as well as their effect on corporate governance practices. A survey was answered by 244 board directors in Iceland. Results show that the initial attitude towards gender quotas was more negative among male directors than female directors but became more similar and positive over time. Strong support is found for increased female board participation leading to different viewpoints being discussed at the board table in addition to better decision-making. A similar picture emerges regarding the behavior of holding chief executive officers (CEOs) accountable and being more focused on corporate governance practices. These results were significantly the view of female directors and directors chairing the assessed board. Male directors are more negative than their female counterparts about the short-term effect of increased female participation is having on board dynamics. This research indicates that a gender quota has led to increased female board participation in addition to impacting decision-making corporate norms,according to directors,as policymakers intended. © 2023 The Authors.
dc.description.fundingtypeThe Authors thank Nasdaq Iceland and Iceland Chamber of Commerce for their support in data collection.
dc.description.keywordBoard Diversity
dc.description.keywordCorporate Governance
dc.description.keywordGender Quota
dc.description.keywordMonitoring
dc.formatapplication/pdf
dc.identifier.citationArnardottir, A. A., Sigurjonsson, T. O., & Gabaldon, P. (2023). Gender Diversity on Corporate Boards: Directors' Perception on Board Functioning and Gender Quotas. Journal of Governance and Regulation, 12(2), 92-103.
dc.identifier.doihttps://doi.org/10.22495/jgrv12i2art9
dc.identifier.issn22209352
dc.identifier.officialurlhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85159383474&doi=10.22495%2fjgrv12i2art9&partnerID=40&md5=f50ebfa3d2acc722d75618b10c723456
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3029
dc.issue.number2
dc.journal.titleJournal of Governance and Regulation
dc.language.isoeng
dc.page.final103
dc.page.initial92
dc.publisherVirtus Interpress
dc.relation.departmentEconomics
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution 4,0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectBoard Diversity; Corporate Governance; Gender Quota; Monitoring
dc.subject.keywordBoard Diversity
dc.subject.keywordCorporate Governance
dc.subject.keywordGender Quota
dc.subject.keywordMonitoring
dc.titleGender diversity on corportate boards: directors' perceptions of board functioning and gender quotas
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number12
dspace.entity.typePublication
person.identifier.scopus-author-id55608197700
person.identifier.scopus-author-id35520490200
person.identifier.scopus-author-id56239348900
relation.isAuthorOfPublication5c30c7a8-3f79-428c-9f69-efad93c96980
relation.isAuthorOfPublication.latestForDiscovery5c30c7a8-3f79-428c-9f69-efad93c96980
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