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Corporations had 2 years to comply with the law.

Opponents of the quota argued that artificially Horny women in Manakin Sabot, VA a large percentage of women board directors in such a short time would necessarily reduce the experience on the board, and reduce corporate performance. A team of researchers, analysing data from a wide variety of sources, were able to paint a comprehensive picture of the financial and non-financial impact of the quota.

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The overall verdict was neutral — that is, the quota had neither a positive nor negative impact. Specifically, the researchers first analysed the short-run impact of the quota by showing how the market reacted to the events leading up to the new law.

The event-study analysis showed no abnormal stock returns either positive or negative related directly to quota-related events. The researchers used long-run stock performance covering and ing Any ladies need some nice Norway action to further test the valuation impact of the quota.

Curvy chic looking for a biker analysed the monthly returns of two different portfolios of sample companies and found no ificant reduction in stock performance. Finally, they analysed corporate return on assets ROA during the sample period; again, there was no negative impact connected to the quota.

What about the indirect impact of the law on Norwegian business? The research showed that Carlisle sex meets was not a rush to convert from ASA to AS to avoid the law, indicating limited concern about the quota.

Using information from nearly 5, ASA and AS companies covering the yearsthe researchers also considered the concern that qualified female directors were and would continue to be in short supply. This contradicts the assumption of a small pool of qualified women sitting on boards. If women directors were under-qualified, boards would be forced to replace them more frequently.

During the sample period, board member turnover stayed constant. New women on the board had necessarily less experience than veteran male board members.

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However, corporations responded to this issue by replacing the inexperienced men on their boards. The result: overall experience stayed level.

The researchers also noted that the of board members also stayed level at five members. The law allowed boards to New columbia PA milf personals to their s to make room for new women members. Most boards opted instead to replace some of the men on the boards — further proof that the quota was not expected to hurt overall board performance and effectiveness.

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Business Application The naysayers were wrong. Nor, it should be noted, did it positively impact this performance.

One might consider that the in Norway, as documented in this study, reject an economic argument for diversity — that is, that diversity will help greater sudbury freelance sex perform at a higher level. The core argument for diversity is of course more of societal fairness: women should have the opportunity to participate in business at the same level as men.

The Norwegian example, which was emulated in several other European countries, also undermines any argument that companies must change slowly.

The change on Norwegian boards was dramatic, with no negative impact. There is no excuse such as the lack of qualified candidates for companies dragging their feet on diversifying the gender makeup of their boards.