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the claim

Gender diversity on boards increases firm value.

the verdict
INSUFFICIENT LEANING
Recorded sources
6 sources for · 0 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that gender diversity on boards increases firm value?

Unclear. Several single-country or single-sample studies (Indonesia, Australia, Europe) and an agency news summary report that gender-diverse boards are associated with higher firm value, but a literature review finds the effects on firm performance mixed and varied. No item establishes the general causal claim that board gender diversity increases firm value.

Verdict: PARTIAL LEAN · 6 sources for, 0 against · Last checked

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Evidence for · 6
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Gender diversity. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Gender_diversity

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More for · 5
2017
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Syamsudin, S., Setiany, E., & Sajidah, S. (2017). Gender diversity and firm value: a study on boards of public manufacturing firms in Indonesia. doi.org. https://doi.org/10.21511/ppm.15(3-1).2017.11

2022
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Grau, A. & Bel, I. (2022). Do board subcommittees boost European firm value? The moderating role of gender diversity on boards. doi.org. https://doi.org/10.1111/beer.12470

2007
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Impact of board size and board diversity on firm value: Australian evidence. (2007). doi.org. https://doi.org/10.22495/cocv4i2p2

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Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills?. (n.d.). cir.nii.ac.jp. https://doi.org/10.1257/aer.p20161032

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Why More Women on Company Boards Is Good For Business | European Institute for Gender Equality. (n.d.). eige.europa.eu. https://eige.europa.eu/newsroom/news/why-more-women-company-boards-good-business?language_content_entity=en

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held for human review17 Oct 2026
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