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Finite-Sample Non-Parametric Bounds with an Application to the Causal Effect of Workforce Gender Diversity on Firm Performance

Grace Lordan, Kaveh Salehzadeh Nobari

arXiv 1 Sep 2025 · Statistics — Methodology

arXiv:2509.01622 · PDF · DOI · OpenAlex · Extracted main text

Abstract

Classical Manski bounds identify average treatment effects under minimal assumptions but, in finite samples, assume that latent conditional expectations are bounded by the sample's own extrema or that the population extrema are known a priori -- often untrue in firm-level data with heavy tails. We develop a finite-sample, concentration-driven band (concATE) that replaces that assumption with a Dvoretzky--Kiefer--Wolfowitz tail bound, combines it with delta-method variance, and allocates size via Bonferroni. The band extends to a group-sequential design that controls the family-wise error when the first “significant” diversity threshold is data-chosen. Applied to 945 listed firms (2015 Q2--2022 Q1), concATE shows that senior-level gender diversity raises Tobin's Q once representation exceeds approximately 30% in growth sectors and approximately 65% in cyclical sectors.

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67
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121
in-text mentions
67
distinct cited
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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Manski, Charles F (1990) Nonparametric bounds on treatment effects1.000126100%
2Manski, Charles F (2003) Partial identification of probability distributions1.000104100%
3Imbens, Guido W and Manski, Charles F (2004) Confidence intervals for partially identified parameters1.00073100%
4Stoye, Jörg (2009) More on confidence intervals for partially identified parameters1.00053100%
5Angrist, Joshua D and Pischke, Jörn-Steffen (2009) Mostly harmless econometrics: An empiricist's companion0.87462100%
6Kanter, Rosabeth Moss (1977) Some effects of proportions on group life: Skewed sex ratios and responses to token women0.84333100%
7Van Der Vaart, Aad W and Wellner, Jon A and van der Vaart, Aad W and… (1996) Weak convergence0.73732100%
8Dvoretzky, Aryeh and Kiefer, Jack and Wolfowitz, Jacob (1956) Asymptotic minimax character of the sample distribution function and of the classical multinomial estimator0.64422100%
9Josten, Cecily and Lordan, Grace (2025) What makes an individual inclusive of others? Development of the individual inclusiveness inventory self0.64422100%
10Nishii, Lisa H (2013) The benefits of climate for inclusion for gender-diverse groups0.64422100%

Showing the top 10 of 67 scored citations.