voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2018-2-142-155voprecotest-381Research ArticleНАУЧНЫЕ СООБЩЕНИЯRESEARCH NOTESСоветы директоров российских публичных компаний: гендерный аспектBoards of directors in Russian publicly traded companies: the gender aspectГаранинаТ. А.GaraninaT. A.

к.  э.  н., доцент кафедры финансов и учета Института «Высшая школа менеджмента» СанктПетербургского государственного университета (Санкт-Петербург)

garanina@gsom.pu.ruМуравьевА. А.MuravyevA. A.

PhD, доцент департамента экономики Санкт-Петербургской школы экономики и менеджмента Национального исследовательского университета «Высшая школа экономики» (Санкт-Петербург)

amuravyev@hse.ruСанкт-Петербургский государственный университетРоссияGraduate School of Management, Saint Petersburg UniversityRussian FederationНациональный исследовательский университет «Высшая школа экономики»РоссияNational Research University Higher School of EconomicsRussian Federation20182002201802142155Copyright © Voprosy Ekonomiki, NP, 20182018Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/381

В статье анализируется гендерный состав советов директоров российских компаний, включая его связь с результатами деятельности фирм. Использована уникальная база данных российских компаний, акции которых торговались на фондовом рынке с 1998 по 2014 г. Анализ свидетельствует о сравнительно малой доле женщин в советах директоров российских фирм - около 12%, при этом в советах 40% компаний не было ни одной женщины. Доля компаний, привлекающих женщин на работу в советы директоров, как и доля женщин в советах, постепенно растет. Продемонстрирована положительная связь между присутствием женщин-директоров и результативностью компаний, особенно при назначении нескольких женщин.

This article studies the gender composition of corporate boards of Russian companies, including its relation to company performance. The analysis is based on a unique longitudinal dataset of virtually all Russian companies whose shares were traded on the stock market in 1998-2014. It shows a relatively small representation of women, just 12% of all the seats, while about 40% of the companies did not have any female director. At the same time, both the share of companies that appoint female directors and the share of female directors on boards show a clear upward trend. The econometric analysis suggests a positive link between the presence of female directors on boards and company performance, especially when firms appoint several, rather than one, female directors.

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The authors declare that there are no conflicts of interest present.