The Gender Composition of Boards of Property Trust IPOs in Australia from 1994 to 2004
Author/s: William Dimovski, Robert Brooks
Date Published: 1/01/2006
Published in: Volume 12 - 2006 Issue 2 (pages 200 - 210)
Abstract
This study investigates the gender composition of the boards of directors of Australian property trust IPOs from 1994 to 2004. Like mining and industrial company IPOs, we find that property trust IPOs in Australia generally do not require female directors for the initial equity capital raising. We also find that larger IPOs during 1994 to 1999 tended to engage more women directors but that this relation was not significant in property trust IPOs from 2000 to 2004.Download Full Article
Download the Full Article PDF14445921.2006.11104207.pdf (49kB) |
Keywords
Boards of Directors - Corporate Governance - Gender - Ipos - Women DirectorsReferences
- Bilimoria, D. (2000) Building the business case for women corporate directors, Burke, R.J., Mathis, M.C., Women on Corporate Boards of Directors: International Challenges and Opportunities, 25-40.
- Burke, R.J. (1994) Women on Corporate Boards of Directors: Views of Canadian Chief Executive Officers, Women in Management, 3-10.
- Burke, R.J. (1997) Women Directors: Selection, Acceptance and Benefits of Board Membership, Corporate Governance, 118-125.
- Burke, R.J. (2003) Women on Corporate Boards of Directors: the Timing is right, Women in Management Review, 346-8.
- Catalyst, 2003, Census of Women Board Directors, Catalyst, New York, NY.
- Catalyst, 2004, The Bottom Line: Connecting Corporate Performanc and Gender Diversity , Catalyst, New York, NY.
- Dimovski, W. and Brooks, R. (2004) Stakeholder Representation on the Boards of Australian Initial Public Offerings, Applied Financial Economics, 1233-1238.
- Dimovski, W., and Brooks, R. (2005a) The Pricing of Property Trust IPOs in Australia, Journal of Real Estate Finance and Economics, forthcoming.
- Dimovski, W., and Brooks, R. (2005b) The Gender Composition of Boards after an IPO, Corporate Governance, forthcoming.
- Dimovski, W. and Brooks, R. (2005c) The Gender Composition of Boards of Property Trust IPOs, Paper presented to the 11 Pacific Rim Real Estate Society Conference, January 2005.
- Farrell, K.A. and Hersch, P.L. (2005) Additions to Corporate Boards: the Effect of Gender, Journal of Corporate Finance, 85-106.
- Hyland, M.M. and Marcellino, P.A. (2002) Examining Gender on Corporate Boards: A Regional Study. Corporate Governance, 24-31.
- Luoma, P. and Goodstein, J. (1999) Stakeholders and Corporate Boards: Institutional Influences on Board Composition and Structure, Academy of Management Journal, 553-63.
- Mak, Y.T. and Roush, M. L. (2000) Factors Affecting the Characteristics of Boards of Directors: An Empirical Study of New Zealand Initial Public Offerings, Journal of Business Research, 147-59.
- Property Investment Research (2004) Australian Property Investment Funds Industry Survey 2004. PIR, Melbourne.
- Sheridan, A. (2002) What You Know and Who You Know: “Successful” Women’s Experiences of Accessing Board Positions, Career Development International, 203-210.
- Singh, V., Vinnicombe, S. and Johnson, P. (2001) Women Directors on Top UK Boards, Corporate Governance, 206-216.
- Singh, V. and Vinnicombe, S. (2003) The 2002 Female FTSE Index and Women Directors, Women in Management Review, 349-358.
- Singh, V. and Vinnicombe, S. (2004) Why So Few Women Directors in Top UK Boardrooms? Evidence and Theoretical Explanations, Corporate Governance, 479-488.
- Stephenson, C. (2004) Leveraging Diversity to Maximum Advantage: The Business Case for Appointing More Women to Boards, Ivey Business Journal, September/October, 1-5.
- UBS Warburg (2004) UBS Warburg Indices: December 2004. UBS Warburg, Sydney.
- White, H. (1980) A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskesticity, Econometrica, 817-838.