An empirical evidence on the effect of women board representation on firm performance of companies listed in Iraq Stock Exchange

Jedi, Firas Farhan; Nayan, Sabri

doi:10.15208/beh.2018.10

Cited by 7 publications

(7 citation statements)

References 59 publications

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“…Our study is unique because we examine the effects of board diversities related to nationality, gender and educational level in commercial banks, which is not common in the literature. Prior studies on board diversity in the MENA region have often excluded commercial banks from their analysis due to specific and strict regulatory frameworks associated with the banking industry (Sarhan et al, 2019;Arayssi and Jizi, 2018;Farhan and Nayan, 2018;Samara and Berbegal-Mirabent, 2018;Salloum et al, 2017). The banking sector provides an interesting framework to expand the study of the consequences of board diversity on performance (García-Meca et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

Does the board diversity impact bank performance in the MENA countries? A multilevel study

Issa

Yousef

Bakry

et al. 2021

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Purpose The purpose of this study is to examine the impact of board diversity (e.g. nationality, gender and educational level) on financial performance for a sample of banks listed in 11 countries in the Middle East and North Africa region. Design/methodology/approach This paper uses the system generalized method of moments estimation approach on the data of banks listed in the MENA countries over the period 2011–2018 to investigate the relationship between board diversity and financial performance. Also, the findings are supported by additional robustness tests, including ordinary least squares, fixed and random effect techniques. Findings The empirical results show that there is a significant relationship between board diversity and financial performance in banks. Specifically, the findings demonstrate that board diversity related to nationality has a significant positive impact on bank performance. The findings also show an insignificant association between gender and educational level diversity and bank performance. The robustness analysis supports the findings of the baseline model. Practical implications The study provides multi-country evidence on the importance of board diversity in the MENA region and it sheds light on possible tracks for future reforms aimed at enhancing the effectiveness of the board’s functions. Originality/value This paper extends the existing literature by providing empirical evidence on the association between board diversity and financial performance of banks in the MENA countries. This paper also provides preliminary evidence on the importance of board diversity to influence financial performance.

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Section: Introductionmentioning

confidence: 99%

Does the board diversity impact bank performance in the MENA countries? A multilevel study

Issa

Yousef

Bakry

et al. 2021

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“…Indeed, some emphasized the importance of gender diversity in enhancing financial performance, while others showed the absence of a positive effect. The lack of indicators highlight the importance of conducting further research to reveal the factors that make the board of directors work and show gender diversity effects (Farhan Jedi and Nayan, 2018).…”

Section: Resultsmentioning

confidence: 99%

The impact of board gender diversity on financial performance: a systematic review and agenda for future research

Hazaea

Al‐Matari

Farhan

et al. 2023

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Purpose In recent years, mandatory rules and regulations were issued to stress the importance of increasing gender diversity in companies, assuming that gender diversity would enhance financial performance. Thus, the purpose of this paper is to review recent research concerning board gender diversity and its impact on financial performance for the period of 2002 to 2022. Design/methodology/approach Using the Web of Science and Scopus databases, 152 studies were analyzed, out of 91 high-impact journals. The analysis focuses on discussing the moderating, mediating and controlling variables and exploring the theories and theoretical foundations that are most prevalent in the literature. Findings The findings indicated an incompatibility between the results of the studies on the impact of gender diversity on financial performance. In addition, results showed the majority of studies focused on discussing the controlling variables associated with the company compared to the variables related to employees or the surrounding environment. On the other hand, the results also showed widespread use of the theoretical basis with the development of new theories in the recent period in parallel with the increase in the literature. Originality/value The results of this study help to reconcile the findings of the different and conflicting literature by presenting the perception that the efficacy of the positive impact of gender diversity on financial performance is related to several organizational and environmental factors that companies have to consider.

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“…Empirical research also supports a positive relationship between women on a board and board monitoring (Jedi & Nayan, 2018). Women in top management are likely to ameliorate the board's independence by enhancing the quality of the boards' decisions properly (Lakhal, Amel, Lakhal, & Malek, 2015).…”

Section: Empirical Literaturementioning

confidence: 92%

Board gender diversity and firm performance: new evidence from cultural diversity in the boardroom

Kabir,

Ikra,

Saona

et al. 2023

LBSJMR

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PurposeThis study extends the current literature in the context of European countries by showing that women's participation on the board can enhance the financial performance of a company while moderated by many cultural factors.Design/methodology/approachThis study examines 19 European countries throughout the period 2010–2020. The time-invariant or individual fixed-effect models are used.FindingsThe authors found that high power distance and masculinity undermine the impact of board gender diversity on firm performance. The gender-diverse board reports a statistically significant negative impact on return on asset (ROA) and return on equity (ROE) while moderated by the power distance index.Originality/valueThis research will be of significant value to the board directors, practitioners and the concerned authority who desire to polish up the firm performance of European countries that are governed by cultural norms.

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An empirical evidence on the effect of women board representation on firm performance of companies listed in Iraq Stock Exchange

Cited by 7 publications

References 59 publications

Does the board diversity impact bank performance in the MENA countries? A multilevel study

Does the board diversity impact bank performance in the MENA countries? A multilevel study

The impact of board gender diversity on financial performance: a systematic review and agenda for future research

Board gender diversity and firm performance: new evidence from cultural diversity in the boardroom

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