Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261850 
Year of Publication: 
2019
Citation: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 22 [Issue:] 1 [Publisher:] Elsevier España [Place:] Barcelona [Year:] 2019 [Pages:] 56-67
Publisher: 
Elsevier España, Barcelona
Abstract: 
This study focuses on whether regulation as well as national cultures play significant roles in defining women's role in society. We are contributing to the existing debate by providing the first empirical analysis to calibrate which legal mechanisms and cultural dimensions are more efficient in achieving boardroom gender equality. We have highlighted the impact of regulation by distinguishing between those countries that have passed positive laws imposing gender quotas in the boardroom and those applying the "comply or explain" recommendation in their good governance codes. We have monitored enforcement levels among countries and tested the validity of Hofstede's cultural factors in impacting on gender quotas. The emerging picture is that of gender diversity being triggered by the adoption of positive laws rather than by soft recommendations. Moreover, gender diversity policies are more commonly promoted in countries where governments, corporations and institutions are characterized by less masculinity and lower power distance.
Subjects: 
Board of directors
Gender quota law
Masculinity
Panel data
Power distance
JEL: 
G30
M14
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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