“…Many scholars (Bertrand et al, 2019;de Cabo et al, 2019;Greene et al, 2020;Groening, 2019;Issa, Elfeky, &Ullah, 2019;Lucas-Pérez et al, 2015) have studied the impact of gender quotas in companies established in those countries where a mandatory law has been passed. Some researchers (Groening, 2019;Issa et al, 2019;Shabbir, 2018) focused on the positive effects in term of economic value of the company, some others (Mazzotta& Ferraro, 2020;Mirza, Majeed, & Ahsan, 2020) on the implemented efficiency of the board of directors, while still others (Ferreira, 2015;Kim & Starks, 2016) on the impact on society in general. Some scholars have highlighted the positive effects in economic terms, while others have outlined the potential in social terms.…”