Does Having Women on Boards Improve Monitoring Role: The Impact of Control - Ownership Wedge in Turkey
Does Having Women on Boards Improve Monitoring Role: The Impact of Control - Ownership Wedge in Turkey

Summary/Abstract: Many government sought to enforce gender equality on the corporate boards, but the implication of doing it are not obvious and might harm economies and firms. We underline this topic by conceptualizing the relationship as corporation and board-specific and embedded within specific contexts. The theory is developed with reference to developing countries, and tested on Turkish firms. The result reflects that female directors improve monitoring mechanism for some firms and reduce it for others. The influence is different across various monitoring indicators, control-ownership wedge, and board structure. The impact varies across different audit quality indicators. The findings call for nuanced responses in relation to women’s nominations from both governments and firms.

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