Delegated gender diversity

• Main Authors: LIANG, Hao, VANSTEENKISTE, Cara
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: board gender diversity; institutional investors; investor demand; sustainable investing; Finance and Financial Management; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7145; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8144/viewcontent/SSRN_id4023775.pdf
• Institution: Singapore Management University

We revisit the value implications of female representation on boards by exploiting the board diversity campaign announcement by Norges Bank Investment Management (NBIM)—the world’s largest sovereign wealth fund. In February 2021, NBIM required its portfolio firms to have at least 30% female director...