In the article by Adams and Ferreira “Women in the boardroom (…)”, the authors argue that

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there is a negative correlation between gender diversity and firm performance and that this is driven by well-governed firms

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that a higher percentage of female directors hurt cause firms, especially well-governed firms, to generate less profits

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gender quotas for board directors can positively affect firm value because women have better attendance records

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overall there is no significant relationship between gender diversity and firm performance

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