Hybrid event.

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Zoom URL: https://uni-frankfurt.zoom-x.de/j/64106056988?pwd=SFN5bVJ4c3lhT2UzQXphcTNTS0l5UT09
Meeting ID: 641 0605 6988
Password: 009850

Abstract:

Using the Gallup Poll since 2001, we uncover a significant gender gap in the tradeoff of environmental and economic benefits. We explore whether such gender gap extends in boardrooms. Using firm- and facility-level measures over 2002-2021, we show that having female directors leads to more environmental-friendly business operations and lower environmental risk. To establish the causal effect, we resort to a California law change that imposed a boardroom gender quota. We show that neither board qualifications nor standard diversity measures supersede the share of female directors in explaining corporate environmental performance, suggesting that female directors contribute to diversity of thought.

Link to paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4281479.