Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom

The persistent under representation of women in executive committees continues to challenge gender equality in corporate leadership. Legislative interventions promoting gender quotas have led to improvements in boardroom gender diversity but have fallen short in addressing executive committee imbala...

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Detalles Bibliográficos
Autores: Garcia-Blandon, Josep, Argilés-Bosch, J.M., Ravenda, Diego, Castillo-Merino, David
Tipo de recurso: artículo
Fecha de publicación:2025
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:20.500.14342/5753
Acceso en línea:http://hdl.handle.net/20.500.14342/5753
https://doi.org/10.1007/s11846-025-00844-7
Access Level:acceso abierto
Palabra clave:Female executive directors
Executive committee
Financial performance
Critical mass theory
Difference-in-differences
Women executives
Directives
Empreses--Direcció i administració
65
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spelling Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroomGarcia-Blandon, JosepArgilés-Bosch, J.M.Ravenda, DiegoCastillo-Merino, DavidFemale executive directorsExecutive committeeFinancial performanceCritical mass theoryDifference-in-differencesWomen executivesDirectivesEmpreses--Direcció i administració65The persistent under representation of women in executive committees continues to challenge gender equality in corporate leadership. Legislative interventions promoting gender quotas have led to improvements in boardroom gender diversity but have fallen short in addressing executive committee imbalances. This study investigates the impact of women’s inclusion in executive committees on financial performance. Spanning large European corporations from 2015 to 2022, a difference-in-differences approach coupled with fixed effects estimations evaluates whether firms that incorporated women into these committees exhibited greater performance improvements compared to those maintaining all-male executive compositions. Contrary to expectations, the findings reveal a lack of positive influence on financial performance metrics, showcasing negative effects on accounting-based indicators. Notably, higher female representation in the executive committee, beyond critical mass, fails to alter financial performance. Furthermore, the study dismisses the notion that the level of gender equality in a firm’s country of origin moderates this relationship. The implications of the findings are discussed.info:eu-repo/semantics/publishedVersionSpringerUniversitat Ramon Llull. IQS2025info:eu-repo/semantics/articlep.31http://hdl.handle.net/20.500.14342/5753https://doi.org/10.1007/s11846-025-00844-7reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésReview of Managerial Science 2025, 19© L'autor/aAttribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:recercat.cat:20.500.14342/57532026-05-29T05:05:01Z
dc.title.none.fl_str_mv Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
title Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
spellingShingle Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
Garcia-Blandon, Josep
Female executive directors
Executive committee
Financial performance
Critical mass theory
Difference-in-differences
Women executives
Directives
Empreses--Direcció i administració
65
title_short Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
title_full Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
title_fullStr Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
title_full_unstemmed Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
title_sort Breaking barriers: assessing the influence of female directors on financial performance beyond the boardroom
dc.creator.none.fl_str_mv Garcia-Blandon, Josep
Argilés-Bosch, J.M.
Ravenda, Diego
Castillo-Merino, David
author Garcia-Blandon, Josep
author_facet Garcia-Blandon, Josep
Argilés-Bosch, J.M.
Ravenda, Diego
Castillo-Merino, David
author_role author
author2 Argilés-Bosch, J.M.
Ravenda, Diego
Castillo-Merino, David
author2_role author
author
author
dc.contributor.none.fl_str_mv Universitat Ramon Llull. IQS
dc.subject.none.fl_str_mv Female executive directors
Executive committee
Financial performance
Critical mass theory
Difference-in-differences
Women executives
Directives
Empreses--Direcció i administració
65
topic Female executive directors
Executive committee
Financial performance
Critical mass theory
Difference-in-differences
Women executives
Directives
Empreses--Direcció i administració
65
description The persistent under representation of women in executive committees continues to challenge gender equality in corporate leadership. Legislative interventions promoting gender quotas have led to improvements in boardroom gender diversity but have fallen short in addressing executive committee imbalances. This study investigates the impact of women’s inclusion in executive committees on financial performance. Spanning large European corporations from 2015 to 2022, a difference-in-differences approach coupled with fixed effects estimations evaluates whether firms that incorporated women into these committees exhibited greater performance improvements compared to those maintaining all-male executive compositions. Contrary to expectations, the findings reveal a lack of positive influence on financial performance metrics, showcasing negative effects on accounting-based indicators. Notably, higher female representation in the executive committee, beyond critical mass, fails to alter financial performance. Furthermore, the study dismisses the notion that the level of gender equality in a firm’s country of origin moderates this relationship. The implications of the findings are discussed.
publishDate 2025
dc.date.none.fl_str_mv 2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.14342/5753
https://doi.org/10.1007/s11846-025-00844-7
url http://hdl.handle.net/20.500.14342/5753
https://doi.org/10.1007/s11846-025-00844-7
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Review of Managerial Science 2025, 19
dc.rights.none.fl_str_mv © L'autor/a
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © L'autor/a
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv p.31
dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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