An examination of corporate board gender mandates & the case of Greece

Bourazeris, Meletis; Μπουραζέρης, Μελέτιος

Μελέτη των επιπτώσεων της πολιτικής ισότητας των φύλων στα εταιρικά διοικητικά συμβούλια : η περίπτωση της Ελλάδος

Doctoral Thesis

Author

Bourazeris, Meletis

Μπουραζέρης, Μελέτιος

Date

2024

Abstract

This study aims to address this gap by providing the first comprehensive empirical analysis of the Greek gender quota’s impact on female board representation. By employing a novel hand-collected dataset of firms listed on the Athens Stock Exchange and comparing it with data from other European countries, this research offers a more causal estimate of the law’s effect. Additionally, it examines how Greek firms achieved compliance with the mandate, providing insights into the strategic responses of corporations to such regulatory pressures. Beyond its empirical contributions, this study provides a comprehensive overview of gender quota regulations across Europe, highlighting the diversity of approaches and timelines. This contextual analysis allows for a deeper understanding of the Greek case within the broader European landscape of corporate governance reforms(Seierstad et al., 2017). By focusing on Greece, this research contributes to our understanding of how gender quota regulations function in diverse economic and cultural environments. It offers insights into the effectiveness of such mandates in a Southern European context, where cultural attitudes towards gender roles and corporate governance practices may differ from those in Northern European countries that have been the focus of much previous research. The study makes several key contributions to the literature on gender diversity in corporate governance. Firstly, it provides the first rigorous empirical analysis of the Greek gender mandate, contributing to the understanding of corporate governance reforms in Southern Europe and especially those targeting gender equality. Furthermore, by using a carefully selected set of control countries, the study offers a more reliable estimate of the causal effect of the mandate, addressing potential confounding factors such as pan-European trends in corporate governance or shifts in female director supply/preferences. Additionally, I provide an empirical examination of how firms achieved compliance and offer insights into the strategic responses of corporations to regulatory pressures for increased gender diversity. Finally, the extensive chronology and comprehensive review of gender quota regulations across Europe provides valuable context for understanding the Greek case within the broader European landscapeas well as serving as a valuable map for future policy research and decisions. On the whole, the study provides a detailed perspective of the worldwide competitive situation, highlighting a review of gender quota regulations across Europe. This information is of great use to policymakers, industry stakeholders, and academics who wish to comprehend the pan-European trends in corporate governance or shifts in female director supply/preferences.

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

Language

English

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/17338

Collections

Τμήμα Οικονομικής Επιστήμης

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα