Research by Thomas C. Moses Professor of Finance Referenced in San Francisco Chronicle

Sept. 10, 2020

In the Headlines

Updated October 2, 2020

Research conducted by Eller College of Management Thomas C. Moses Professor of Finance Kathleen Kahle was recently cited in a March 4 San Francisco Business Times article and two San Francisco Chronicle articles on September 6 and September 30, discussing potential California bill (AB979) intended to create more diverse governing boards.

Both articles cite Kahle’s most recent paper published in the Journal of Corporate Finance, “Do Board Gender Quotas Affect Firm Value? Evidence from California Senate Bill No. 826,” co-authored by Daniel Green and Vincent Intintoli of Clemson University.

Both stories use Kahle’s research findings that show that while there is a correlation between diversity and profit, it doesn’t establish that one caused the other. The study also found that laws mandating that companies add directors who are well-compensated for part-time work could affect smaller business with smaller boards disproportionately to larger companies.

Kathleen Kahle joined the Eller College of Management as associate professor in 2003 and was appointed the Thomas C. Moses Professor in Finance in 2014. Her research interests are around corporate finance, capital structure, securities issues, repurchases and insider trading. Her previous teaching experience includes the University of Pittsburgh. She earned her PhD in Finance from The Ohio State University in 1996.