We examine the impact of social capital on board gender diversity among U.S. firms. We test whether trust and social networks in a county lead to an increase in female board representation. We find that firms headquartered in high‐social‐capital counties have higher diversity in their corporate board. Economically, we estimate that a 1 standard deviation (SD) increase in social capital leads to a 0.042 SD increase in board gender diversity. We contribute to the literature by extending the evidence on board gender diversity determinants to informal institutions.

中文翻译：

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社会资本是董事会性别多元化的决定因素吗？

我们研究了社会资本对美国公司董事会性别多元化的影响。我们测试了郡中的信任和社交网络是否会导致女性董事会代表人数的增加。我们发现，总部位于高社会资本县的公司在公司董事会中具有更高的多样性。从经济上讲，我们估计社会资本每增加1标准差（SD），董事会性别多样性就会增加0.042 SD。我们通过将有关性别多样性决定因素的证据扩展到非正式机构，为文献做出了贡献。