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題名 Common Ownership Networks and Board Gender Diversity 作者 邱健嘉
Chiou, Calvin J.貢獻者 財管系 日期 2025-07 上傳時間 2025-07-10 摘要 This study examines the network hypothesis, proposing that common institutional ownership facilitates interconnections among top executives, thereby enhancing board gender diversity. The results show that peer female director share—which captures female board representation among firms linked through common ownership networks, is positively associated with female board representation. Using California Senate Bill No. 826 and peer female director appointments as quasi-experimental settings, I document that firms under common ownership are more likely to increase female board representation, appoint new female directors, and facilitate interlocking female directorates. To strengthen causal inference, I employ an IV approach using geographic distance between peer firms and the extent of common ownership networks. Furthermore, common ownership networks increase the likelihood of women attaining leadership roles on board committees, expanding opportunities beyond mere representation. These findings remain robust after accounting for the influence of the Big Three, highlighting common ownership as a key mechanism in corporate governance, director mobility, and the broader labor market for female executives. 關聯 AFAANZ Conference 2025, Accounting & Finance Association of Australia and New Zealand (AFAANZ) 資料類型 conference dc.contributor 財管系 dc.creator (作者) 邱健嘉 dc.creator (作者) Chiou, Calvin J. dc.date (日期) 2025-07 dc.date.accessioned 2025-07-10 - dc.date.available 2025-07-10 - dc.date.issued (上傳時間) 2025-07-10 - dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/157947 - dc.description.abstract (摘要) This study examines the network hypothesis, proposing that common institutional ownership facilitates interconnections among top executives, thereby enhancing board gender diversity. The results show that peer female director share—which captures female board representation among firms linked through common ownership networks, is positively associated with female board representation. Using California Senate Bill No. 826 and peer female director appointments as quasi-experimental settings, I document that firms under common ownership are more likely to increase female board representation, appoint new female directors, and facilitate interlocking female directorates. To strengthen causal inference, I employ an IV approach using geographic distance between peer firms and the extent of common ownership networks. Furthermore, common ownership networks increase the likelihood of women attaining leadership roles on board committees, expanding opportunities beyond mere representation. These findings remain robust after accounting for the influence of the Big Three, highlighting common ownership as a key mechanism in corporate governance, director mobility, and the broader labor market for female executives. dc.format.extent 107 bytes - dc.format.mimetype text/html - dc.relation (關聯) AFAANZ Conference 2025, Accounting & Finance Association of Australia and New Zealand (AFAANZ) dc.title (題名) Common Ownership Networks and Board Gender Diversity dc.type (資料類型) conference
