题 目 : Do Female Board Directors Help Clean-Tech Ventures Succeed?
时 间：2018年12月7日（周五） 13:30-15:30
地 点： 商学院武东路校区114
演 讲 者: Yefeng Wang (University of Manitoba)
摘 要: Clean-tech ventures often face difficulties because of changes in government subsidies, lack of access to infrastructure for energy generation and transmission, and technology uncertainties. As a consequence, it may be difficult for clean-tech ventures to succeed in their business domains. By building on legitimacy theory, we posit that one strategy clean-tech ventures can use to overcome these constraints is to appoint female board directors. We analyze data from 193 clean-tech ventures in the U.S. during 1996-2016, and find that female board representation has a positive effect on financial performance of these ventures. We also find that this effect is stronger for small firms than it is for large firms, and for clean-tech ventures operating in states where the public has a higher level of environmental ideology. These findings contribute to sustainability research by demonstrating the importance of female representation on boards of directors in clean-tech ventures.