Title

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

Publication Information

Finance Research Letters

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