size.
C- Industry Labor Force: Using Bureau of Labor Statistics data to identify the percentage of women between employees.
D- Diversification strategy: by using the palepu’s entropy to measure the diversification calculation.
E- Network Effect: by measuring females total number in boards in external firms linked to the main firm.
F- Control Variables: because that study’s data is 14 years; dummy variables were put to control for year fixed effect. That’s beside the board size and organizational age.
Analysis and Results
Gathering all the 14 years data with the previous measures cross sectional analysis was applied to these data. Population-averaged logistic regression models with firm as cross sectional model and year as the temporal unit. It wasn’t appropriate to apply firm-level fixed effect, as number of