The Trends and Determinants of Board Gender and Age Diversities
Document Type
Article
Publication Date
5-1-2022
Abstract
We investigate trends and determinants of board gender and age diversities using a sample of 8,590 firms for 20 years. Gender diversity and the average age of boards increased, while age diversity decreased in this period. We find that larger, older firms tend to have more gender diversity but less age diversity. More board independence is related to higher gender diversity, while more firm complexity is associated with less age diversity. For younger (older) boards, more female directors are associated with less (more) age diversity. We also find that female directors in older boards generate value for the firm.
Identifier
85127312300 (Scopus)
DOI
10.1016/j.frl.2022.102798
Publisher
Elsevier Ltd.
ISSN
15446123
Repository Citation
Oliveira, M., & Zhang, S. (2022). The trends and determinants of board gender and age diversities. Finance Research Letters, 46, Article 102798. https://doi.org/10.1016/j.frl.2022.102798
Publication Information
Finance Research Letters