Arguments for increasing gender diversity on boards of directors by gender quotas range from ensuring equal opportunity … to improving firm performance. The introduction of gender quotas in a number of countries has increased female … representation on boards. Current research does not justify gender quotas on grounds of economic efficiency. In many countries the …

&S-focused”)) interacts with CEO gender to create perceptions of match or mismatch for nonprofessional investors, in terms of perceived … invest in the firm targeted by the activism. We also find that when managers disclose an optimistic earnings guidance … forecast, this disclosure attenuates this reliance on gender-based stereotypes to inform investment decisions. Finally, we find …