Table 7. Testing for a critical mass...

Table 7.

Testing for a critical mass effect of female directors

Variables	(1)	(2)	(3)	(4)
Dependent variable: ETR
0/1WOMAN	0.039*** (0.010)		0.030** (0.013)
2 / 2 + WOMEN		−0.039*** (0.010)		−0.027** (0.012)
FPAC			−0.039 (0.039)	0.080 (0.067)
0/1WOMAN × FPAC			0.084 (0.080)
2 / 2 + WOMEN×FPAC				−0.120* (0.071)
Constant	0.438 (0.304)	0.477 (0.304)	0.422 (0.308)	0.467 (0.308)
All controls	Yes	Yes	Yes	Yes
Year fixed	Yes	Yes	Yes	Yes
Observations	341	341	341	341
Adjusted R-squared	0.331	0.331	0.329	0.333

Variables	(1)	(2)	(3)	(4)
Dependent variable: ETR
0/1WOMAN	0.039*** (0.010)		0.030** (0.013)
2 / 2 + WOMEN		−0.039*** (0.010)		−0.027** (0.012)
FPAC			−0.039 (0.039)	0.080 (0.067)
0/1WOMAN × FPAC			0.084 (0.080)
2 / 2 + WOMEN×FPAC				−0.120* (0.071)
Constant	0.438 (0.304)	0.477 (0.304)	0.422 (0.308)	0.467 (0.308)
All controls	Yes	Yes	Yes	Yes
Year fixed	Yes	Yes	Yes	Yes
Observations	341	341	341	341
Adjusted R-squared	0.331	0.331	0.329	0.333

Note(s):

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

Source(s): Created by authors

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