Robustness check: Gender quotas and glass ceiling: random effects panel regression models
| Total sample | Nonlisted and nonstate participated | |||
|---|---|---|---|---|
| Variables | (1) β (se) | (2) β (se) | (3) β (se) | (4) β (se) |
| Board size | 0.01*** (0.000) | 0.01*** (0.000) | 0.01*** (0.000) | 0.01*** (0.000) |
| Firm size | −0.001 (0.010) | −0.004 (0.004) | −0.01 (0.011) | −0.02*** (0.004) |
| Law | 0.16*** (0.001) | 0.16*** (0.012) | 0.08*** (0.015) | 0.06** (0.027) |
| Women executives | 0.14*** (0.030) | 0.14*** (0.031) | 0.14*** (0.030) | 0.14*** (0.034) |
| Law × financial | 0.04 (0.058) | 0.07 (0.075) | ||
| R-squared within | 0.539 | 0.550 | 0.539 | 0.550 |
| N | 232 | 232 | 116 | 116 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| 0.01 | 0.01 | 0.01 | 0.01 | |
| −0.001 (0.010) | −0.004 (0.004) | −0.01 (0.011) | −0.02 | |
| 0.16 | 0.16 | 0.08 | 0.06 | |
| 0.14 | 0.14 | 0.14 | 0.14 | |
| 0.04 (0.058) | 0.07 (0.075) | |||
| 0.539 | 0.550 | 0.539 | 0.550 | |
| 232 | 232 | 116 | 116 | |
Notes:
Robust standard errors in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1