The purpose of this paper is to investigate the state of art of female directors in terms of presence, role and remuneration for Italian corporate boards. The analysis wants to highlight the changes occurred after the introduction of the mandatory female quotas legislation in 2012 and to check how many firms are already complying with the law after 2 years. The picture of the state of art is drawn looking at 163 Italian listed firms for a period of 4 years, from 2011 to 2014. The analysis of the data reveals relevant differences in board composition before and after the law. A significant result concerning the presence of female directors stands in the difference between family and non-family firms: the first are those with higher number of female members in the board. Additionally, an interesting data refers to the amount of remuneration for women, which is significantly lower than the remuneration provided to male directors. Being the first work which charts the situation of board composition and board member remuneration in Italy before and after female quotas introduction, this paper wants to trace some key points for future analysis about the impact of female quotas on various firm’s aspects, such as firm performance, firm earning management and quality, governance characteristics.

Raoli, E., Magnanelli, B. S., Tiscini, R., Female directors in Italy: the state of art after the mandatory gender quota, <<CORPORATE OWNERSHIP & CONTROL>>, 2017; 2017 (3): 157-169. [doi:http://dx.doi.org/10.22495/cocv14i3c1art1] [http://hdl.handle.net/10807/149763]

Female directors in Italy: the state of art after the mandatory gender quota

Raoli, Elisa
;
Magnanelli, Barbara Sveva;
2017

Abstract

The purpose of this paper is to investigate the state of art of female directors in terms of presence, role and remuneration for Italian corporate boards. The analysis wants to highlight the changes occurred after the introduction of the mandatory female quotas legislation in 2012 and to check how many firms are already complying with the law after 2 years. The picture of the state of art is drawn looking at 163 Italian listed firms for a period of 4 years, from 2011 to 2014. The analysis of the data reveals relevant differences in board composition before and after the law. A significant result concerning the presence of female directors stands in the difference between family and non-family firms: the first are those with higher number of female members in the board. Additionally, an interesting data refers to the amount of remuneration for women, which is significantly lower than the remuneration provided to male directors. Being the first work which charts the situation of board composition and board member remuneration in Italy before and after female quotas introduction, this paper wants to trace some key points for future analysis about the impact of female quotas on various firm’s aspects, such as firm performance, firm earning management and quality, governance characteristics.
Inglese
Raoli, E., Magnanelli, B. S., Tiscini, R., Female directors in Italy: the state of art after the mandatory gender quota, <<CORPORATE OWNERSHIP & CONTROL>>, 2017; 2017 (3): 157-169. [doi:http://dx.doi.org/10.22495/cocv14i3c1art1] [http://hdl.handle.net/10807/149763]
File in questo prodotto:
File Dimensione Formato  
10.FEMALE DIRECTORS IN ITALY_THE STATE OF ART AFTER THE MANDATORY GENDER QUOTA_2017 fascia B.pdf

accesso aperto

Tipologia file ?: Versione Editoriale (PDF)
Licenza: Creative commons
Dimensione 765.44 kB
Formato Adobe PDF
765.44 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/149763
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact