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Töpfer, Marina

The effect of women directors on innovation activity and performance of corporate firms - evidence from China

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URN: urn:nbn:de:bsz:100-opus-15034
URL: http://opus.uni-hohenheim.de/volltexte/2018/1503/


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SWD-Schlagwörter: China , Weibliche Führungskraft
Freie Schlagwörter (Englisch): Women Directors , Innovation Activity , Firm Performance , Gender-diverse Boards , Unconditional Quantile Regression
Institut: Institut für Volkswirtschaftslehre
DDC-Sachgruppe: Wirtschaft
Dokumentart: ResearchPaper
Schriftenreihe: Hohenheim discussion papers in business, economics and social sciences
Bandnummer: 2018,15
Sprache: Englisch
Erstellungsjahr: 2018
Publikationsdatum: 13.07.2018
 
Lizenz: Hohenheimer Lizenzvertrag Veröffentlichungsvertrag mit der Universitätsbibliothek Hohenheim
 
Kurzfassung auf Englisch: This paper elaborates whether women bringing their diversity, cross-cultural awareness and transformational leadership skills to corporate boards offer strategic advantages for firms. In the analysis the effect of women in the board room on innovation activity and corporate firm performance as well as the joint consequences of female directors and innovation activity on the firms success are examined. The latter may be particularly important in the context of gender diversity as more gender-diverse boards allow for higher levels of creativity and hence innovation. In order to account for endogeneity issues, different model specifications are employed (two-way fixed effects models and linear dynamic panel data models). Unconditional quantile regressions are used in order to go beyond the mean. The analysis is conducted using Chinese firm-level data from 2006-2015. The results suggest positive ef- fects of gender diversity in corporate boards and patenting activities on firm performance. Women directors are found to have statistically significant effects on both input-(positive) and output-oriented (negative) innovation activity.

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