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Manuscript Type: Empirical

Research Question/Issue: How are national institutional systems related to the proportion of women found on corporate boards of directors of companies listed in particular countries? Which particular types of national institutions play the most important role? We explore cross‐country variation in the pattern of female representation on corporate boards and evaluate the extent to which it is associated with the nature of national institutional systems as captured in five frameworks each of which emphasizes the importance of a distinct type of national institutions. Our analysis includes 38 countries and covers the years 2001–07.

Research Findings/Insights: Our findings show that as much as half of the variation in the presence of women on corporate boards across countries is attributable to national institutional systems and that culturally and legally‐oriented institutional systems appear to …