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Notice [SC Report] Women Directors and Firm Value 2023.05.22
This paper examines the impact of the appointment of women directors on firm value. The result shows that companies belonging to a business group subject to limitations on cross-shareholding that appointed female directors after the first proposal of the special provision on the gender composition of corporate boards (Article 165-20 of the local Financial Investment Services and Capital Markets Act) saw their firm value increased, and it was statistically significant.



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(SC Publication) (22) Women Directors and Firm Value.pdf
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