Women directors and disclosure of intellectual capital information

This paper uses a resource-based perspective and balanced panel data analysis to explore whether the representation of women on the boards of directors of Spanish companies is associated with an increase in voluntary disclosure of information concerning intellectual capital [IC]. We find that gender diversity is a complementary corporate governance mechanism that has a significant positive effect on levels of disclosure of IC information. This appears due to the presence of women on boards serving to prompt stronger monitoring and oversight behaviour. Our findings should encourage support for policies that will increase current levels of representation of women on corporate boards and influence the setting of corporate governance requirements relating to disclosure bycapital market regulators.
This work was supported financially by the research unit on Governance, Competitiveness and Public Policy (project POCI-01-0145-FEDER-006939), through funds provided by COMPETE2020 - Programa Operacional Competitividade e Internacionalização (POCI); and Fundação para a Ciência e a Tecnologia.
info:eu-repo/semantics/publishedVersion