Exploring the link between gender diversity and financial performance on Norwegian boards
Master thesis
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Date
2023Metadata
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- Master of Science [1800]
Abstract
In recent years, gender diversity has become a much-debated topic with regards to
optimal board compositions. This paper studies the relationship between gender
diversity on Norwegian boards and firms’ financial performance. Using annual
data for Norwegian firms from 2000 to 2020, we find that gender diversity on the
boards of financial firms create more value for its owners. Our results suggest that
gender diversity should be a priority when considering board compositions in
financial firms. Contrarily, we find that gender-diverse boards in the overall
industry decrease firm performance. However, as we only conduct this analysis
from an economic point of view, other factors such as ethics and morality should
be considered when constructing the ideal board.
Description
Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2023