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Literature / resource Imported

Do Board Gender Quotas Generate Horizontal Spillovers?

Italy · National · See the Italy profile

Evidence: Quasi-experimental Top 51% 66/100 · Ask Evidence Copilot about this practice

Using a panel of unlisted Italian banks over the period 2006–2018, the paper examines the extent to which a law that mandatorily introduced female quotas in the boards of Italian listed companies in 2012 had spillover effects on the boards of unlisted banks, which were not requir

Details

Promoter
Alessio Bongiovanni, Paola De Vincentiis, Alessandra Guariglia, Eleonora Isaia, Mariacristina Rossi — website
Power domain
Economic Power
Methods / tools
Awareness-raising, Monitoring
Keywords
Gender quotas, social norms, legal norms, gender equity

Context

A 2012 Italian law mandated female board quotas for listed companies. This study examines whether the law had spillover effects on the boards of unlisted banks, which were not required to comply, using a panel of unlisted Italian banks over 2006-2018.

Results

Both the probability of having at least one woman on the board and the proportion of women on unlisted-bank boards rose significantly after the law passed, with results robust to different model specifications and estimation techniques.

Conclusions

The authors interpret this as evidence that the quota law generated broader social-norm change and isomorphic pressure, inducing unlisted banks to mimic the board composition of their listed counterparts even without being legally required to.

Implementation

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