Board gender diversity and sustainable growth rate: Chinese evidence

This study investigates the impact of women directors on a firm’s sustainable growth rate. Using data from 2003 to 2017 for Chinese listed firms, we found positive relationship between and Our also contributes institutional theory by providing evidence that this is more effective in legal-person-controlled firms than state-controlled firms. In comparison, independent have stronger influence executive growth. Similarly, board gender diversity with three or female substantially affects firms’ growth, consistent critical mass theory. study’s findings are robust terms alternative estimations techniques, variable specifications, different identification strategies, such as two-stage least squares propensity score matching. provides novel directors’ role increasing rate adding new dimension ongoing debate literature.