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Gender diversity and governance: Analysis of Italian listed companies
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Graziella Sicoli 
, Giovanni Bronzetti , Dominga Ippolito, Giada Leonetti
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
In recent years, many countries have adopted different legislative and self-regulatory initiatives to be able to tackle the problem of the underrepresentation of women on boards. Also, Italy with Law No. 120/2011 introduced the gender issue adopting the normative that 1/3 of the elected members would be women. In this job, a primary aim was to study over the period 2016/2018 the impact of female presence on boards of 50 companies listed on the Italian Stock Exchange. In depth, our results confirm that Italian Law has produced significant effects on the composition of the corporate board. The result of our study shows that women positively influence corporate performance, this is perfectly in line with the literature on gender diversity. The contribution of the work is that the empirical study conducted on the 50 companies listed on the Milan Stock Exchange allows confirming what has been claimed in the literature and that is the importance of the female presence on the boards. An immediate reading of the data allows us to confirm that the female presence in corporate governance has a positive impact on corporate performance and productivity.
Keywords: Gender Diversity, Corporate Governance, Corporate Board, Performance
Authors’ individual contribution: Conceptualization – G.S.; Methodology – G.B. and G.L.; Investigation – G.S. and G.B.; Resources – G.S. and G.B.; Writing – G.S., G.B., and D.I.; Supervision – G.S. and G.B.
Declaration of conflicting interests: The Authors declare that there is no conflict of interest.
JEL Classification: M0
Received: 08.06.2020
Accepted: 12.08.2020
Published online: 13.08.2020
How to cite this paper: Sicoli, G., Bronzetti, G., Ippolito, D., & Leonetti, G. (2020). Gender diversity and governance: Analysis of Italian listed companies [Special issue]. Corporate Ownership & Control, 17(4), 329-338. https://doi.org/10.22495/cocv17i4siart10
