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Boards of directors in Russian publicly traded companies: the gender aspect
https://doi.org/10.32609/0042-8736-2018-2-142-155
Abstract
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.
About the Authors
T. A. Garanina
Graduate School of Management, Saint Petersburg University
Russian Federation
Russian Federation
A. A. Muravyev
National Research University Higher School of Economics
Russian Federation
Russian Federation
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For citations:
Garanina T.A., Muravyev A.A. Boards of directors in Russian publicly traded companies: the gender aspect. Voprosy Ekonomiki. 2018;(2):142-155. (In Russ.) https://doi.org/10.32609/0042-8736-2018-2-142-155
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