This research synthesizes the literature that investigated the influence of WOCB on various firm outcomes. We organize our review around the meaning of WOCB, the sources of WOCB influence, the outcomes of WOCB impact, and contextual factors. In general, 503 articles with 558 predominantly panel studies show that the relationships of WOCB to various outcomes (particularly corporate social responsibility, firm transparency and gender equity) are beneficial but varied. Integrating prior views, we provide a framework leveraging political capital and board capital perspectives. The framework centers focus on the power and influence of WOCB, and distinguishes the sources of power from the exercise of power, board functions from organizational outcomes, and capital valuation contingencies from incentives to engage in board roles. Studies measuring political capital, which we identify as sources of WOCB’s influence, document the beneficial associations of a critical mass of 30–33% women, assigning women to board committees and women’s enhanced power resulting from multiple directorships and knowledge capital. Studies examining contextual factors show that societal gender equity, the presence of women in top management, and WOCB’s independence strengthen WOCB’s correlations with beneficial outcomes. These features facilitate interpretation of the mixed findings, identify limitations, and suggest directions for future research.

中文翻译：

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女性对公司董事会的影响：从政治资本角度看的综合回顾


本研究综合了调查 WOCB 对各种公司结果影响的文献。我们围绕 WOCB 的含义、WOCB 影响的来源、WOCB 影响的结果和背景因素来组织我们的审查。一般来说，503 篇文章和 558 篇主要是面板研究表明，WOCB 与各种结果（特别是企业社会责任、公司透明度和性别平等）的关系是有益的，但各不相同。整合先前的观点，我们提供了一个利用政治资本和董事会资本视角的框架。该框架以 WOCB 的权力和影响力为中心，将权力来源与权力行使区分开来，将董事会职能与组织结果区分开来，将资本估值应急事件与担任董事会角色的激励措施区分开来。衡量政治资本的研究（我们认为 WOCB 的影响力来源）记录了 30-33% 的临界质量与女性参与董事会委员会以及多个董事职位和知识资本导致女性权力增强的有益关联。检查背景因素的研究表明，社会性别平等、女性在高层管理人员中的存在以及 WOCB 的独立性加强了 WOCB 与有益结果的相关性。这些特征有助于解释混合结果，确定局限性，并为未来的研究方向提出建议。