Working Paper No. 1165

Gender Quotas in the Board Room and Firm Performance: Evidence from a Credible Threat in Sweden

Published: April 18, 2017Pages: 40Keywords: Gender quotas; Corporate boards; Firm performanceJEL-codes: G34; G38; J16; J48; J78; M12; M51

Gender Quotas in the Board Room and Firm Performance: Evidence from a Credible Threat in Sweden Björn Tyrefors Hinnerich and Joakim Jansson


Board room quotas have recently received an increasing amount of attention. This paper provides novel evidence on firm performance from an exogenous change in female board participation in Sweden. We use the credible threat, aimed at listed firms, of a quota law enacted by the Swedish deputy prime minister as an exogenous variation. The threat caused a substantial and rapid increase in the share of female board members in firms listed on the Stockholm stock exchange. This increase was accompanied by an increase in different measures of firm performance in the same years, which were related to higher sales and lower labor costs.

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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