Board Gender Diversity and Cross-border Mergers and Acquisitions: Evidence from European Deals
Mario Ossorio

Abstract
In recent years, regulators, scholars, and the business community have been calling for the gender gap on boards of directors to be reduced. The literature reveals that female directors and managers have a number of effects on both the working of organizations and their investment decisions. The present study analyzed the influence of female directors on the likelihood of firms making cross-border acquisitions. The study examined a sample of 128 acquisitions during the period 2015–2017 whose acquiring firms were listed European firms. The main finding was that female directors reduced the firm’s likelihood to acquire a foreign target.

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