Women on Boards in Family Firms

Ramachandran, K and Bang, N P and Chittoor, R and Vishwanathan, A Women on Boards in Family Firms. Working Paper. Indian School of Business.

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In this paper, we examine the heterogeneity in the adoption of new corporate governance norms between family firms and non-family firms in the specific context of induction of women directors onto corporate boards. We do so by exploiting a regulation introduced in 2013 in India that required companies to induct at least one woman director on the board within a year. Using panel data from 1507 publicly listed firms, we find that there is no significant difference in the proportion of women directors between family firms and non-family firms. We further distinguish family firms into stand-alone firms and firms belonging to family-owned business groups and find that women director proportion and the proportion of executive women directors is higher in stand-alone family firms.

Affiliation: Indian School of Business
ISB Creiators:
ISB Creators
Ramachandran, K
Vishwanathan, A
Item Type: Monograph (Working Paper)
Uncontrolled Keywords: Women Director, Family Firms
Subjects: Family Business and Wealth Management
Depositing User: Gurusrinivasan K
Date Deposited: 06 Nov 2019 16:51
Last Modified: 06 Nov 2019 16:51
URI: http://eprints.exchange.isb.edu/id/eprint/1315
Publisher URL: https://www.isb.edu/research/working-papers/women-...
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