Alternative measures of board gender diversity
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| Dependent variable: ETR | ||||
| BLAU | −0.105** (0.042) | −0.064 (0.046) | ||
| FPAC | 0.174**(0.085) | 0.243** (0.103) | ||
| BLAU × FPAC | −0.566** (0.228) | |||
| SHANNON | −0.067** (0.029) | −0.044 (0.032) | ||
| SHANNON × FPAC | −0.496*** (0.182) | |||
| Constant | 0.517* (0.303) | 0.464 (0.311) | 0.539* (0.303) | 0.487 (0.313) |
| All controls | Yes | Yes | Yes | Yes |
| Year fixed | Yes | Yes | Yes | Yes |
| Observations | 341 | 341 | 341 | 341 |
| Adjusted R-squared | 0.319 | 0.329 | 0.317 | 0.330 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| −0.105** (0.042) | −0.064 (0.046) | |||
| 0.174**(0.085) | 0.243** (0.103) | |||
| BLAU × FPAC | −0.566** (0.228) | |||
| SHANNON | −0.067** (0.029) | −0.044 (0.032) | ||
| SHANNON × FPAC | −0.496*** (0.182) | |||
| Constant | 0.517* (0.303) | 0.464 (0.311) | 0.539* (0.303) | 0.487 (0.313) |
| All controls | Yes | Yes | Yes | Yes |
| Year fixed | Yes | Yes | Yes | Yes |
| Observations | 341 | 341 | 341 | 341 |
| Adjusted | 0.319 | 0.329 | 0.317 | 0.330 |
Superscripts ***, ** and * denote significance at the 1, 5 and 10% levels, respectively. Robust standard errors are reported in parentheses. The definitions of variables are given in Appendix
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