Female directors, culture and governance around the World
Female directors, culture and governance around the World
The proportion of female directors differs among countries. Drawing on institutional and social role theories, this paper investigates whether national governance quality (NGQ) and national culture (NC) can explain the differences in the appointment of female directors among countries around the world. Using 647 firms from 78 countries over the 2010 to 2017 period, the main findings show that both national culture and governance quality have influence on the appointment of female directors. We find further that the impact of national culture on the presence of women directors is moderated by national governance quality. Finally, the results support institutional and social role theories in terms of explaining the difference in appointment of female directors among countries. Our findings are robust to controlling for endogeneities and alternative measures of culture and female directors.
Female directors, Culture, Governance, World, Institutional theory, Social role theory
Nguyen, Thi Hong
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Ntim, Collins
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Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Malagila, John
cc93732f-b2bd-49c9-843e-4a6039b4124c
1 August 2022
Nguyen, Thi Hong
8deda4df-540d-4d80-aa86-b92b3c2ae18d
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Malagila, John
cc93732f-b2bd-49c9-843e-4a6039b4124c
Nguyen, Thi Hong, Ntim, Collins, Zalata, Alaa and Malagila, John
(2022)
Female directors, culture and governance around the World.
Academy of Management Proceedings.
(doi:10.5465/AMBPP.2022.12039abstract).
Abstract
The proportion of female directors differs among countries. Drawing on institutional and social role theories, this paper investigates whether national governance quality (NGQ) and national culture (NC) can explain the differences in the appointment of female directors among countries around the world. Using 647 firms from 78 countries over the 2010 to 2017 period, the main findings show that both national culture and governance quality have influence on the appointment of female directors. We find further that the impact of national culture on the presence of women directors is moderated by national governance quality. Finally, the results support institutional and social role theories in terms of explaining the difference in appointment of female directors among countries. Our findings are robust to controlling for endogeneities and alternative measures of culture and female directors.
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Accepted/In Press date: 6 July 2022
e-pub ahead of print date: 6 July 2022
Published date: 1 August 2022
Keywords:
Female directors, Culture, Governance, World, Institutional theory, Social role theory
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Local EPrints ID: 468529
URI: http://eprints.soton.ac.uk/id/eprint/468529
ISSN: 0065-0668
PURE UUID: 97bcbd0a-af5f-4ec5-9a80-1c43d0aa1eb8
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Date deposited: 17 Aug 2022 16:38
Last modified: 17 Mar 2024 03:39
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Thi Hong Nguyen
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