This study examines the effects of board gender diversity on firms’ investment in organization capital (OC), drawing on a comprehensive dataset of US public firms from 2000 to 2019. The main findings suggest that firms with greater board gender diversity tend to allocate more resources toward OC. Our results remain robust when employing an instrumental variable approach and propensity score matching with difference-in-differences analysis to address endogeneity concerns. Furthermore, we find that board gender diversity amplifies the positive effects of OC on firm value. Our investigation provides new evidence of the positive relationship between board gender diversity and firm value.

中文翻译：

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董事会性别多元化和组织资本


本研究利用 2000 年至 2019 年美国上市公司的综合数据集，研究了董事会性别多样性对公司组织资本 （OC） 投资的影响。主要研究结果表明，董事会性别多样性较高的公司倾向于为 OC 分配更多资源。当采用工具变量方法和倾向评分匹配与双重差分分析来解决内生性问题时，我们的结果仍然稳健。此外，我们发现董事会性别多元化放大了 OC 对公司价值的积极影响。我们的调查为董事会性别多元化与公司价值观之间的正相关关系提供了新的证据。