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NORWAY LEADS THE MOVEMENT: A FINANCIAL EXAMINATION OF THE WORLD’S FIRST GENDER QUOTA FOR CORPORATE BOARDS

by Dibble, Tessa

Abstract

Norway passed a gender quota law in 2003 that requires corporate boards to be 40 percent female. This paper examines the financial impact of the quota. The financials for public Norwegian companies were extracted from Mergent Online for the years 1999 to 2017. A random effects model was used to study the financial performance of the companies before and after the law was fully complied with in 2008. This study contradicts previous literature by finding that return on equity decreased after more females joined corporate boards. However, the past literature did not examine companies that had to comply with a gender quota mandate. This paper aims to lend financial insight to California as they move forward with a quota of their own.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College Tutt Library
PID
coccc:30977
Digital Origin
born digital
Extent
24 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
James Parco
Department/Program
Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College Tutt Library
Date Issued
2019-05