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

Kabir, Ashikul; Ikra, Saiyara Shabbir; Saona, Paolo; Azad, Md. Abul Kalam

doi:10.1108/lbsjmr-06-2022-0022

Cited by 12 publications

(10 citation statements)

References 23 publications

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“…Following Sanan (2016b), Biswas (2021), Teodósio et al . (2021) and Kabir et al . (2023) we have used SI and BI for measuring gender diversity.…”

Section: Methodsmentioning

confidence: 96%

“…BGD and WGD. Following Sanan (2016b), Biswas (2021), Teod osio et al (2021 and Kabir et al (2023) we have used SI and BI for measuring gender diversity. BI is a measure of "variety", which is defined to measure whether boards include representatives of both genders and SI is a measure of "balance", which is defined to measure how equally men and women are represented on the board.…”

Section: Source Of Data Study Period and Samplementioning

confidence: 99%

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Impact of gender diversity on firm performance: empirical evidence from India

Laskar,

Sahu,

Choudhury

2023

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PurposeThe main purpose of the study is to investigate the impact of gender diversity both at the board and workforce level on firm performance (FP) in the Indian context.Design/methodology/approachThis study is based on annual data of 200 companies listed on Bombay Stock Exchange (BSE) for the period 2012–2019. The authors have used the fixed-effects (FE) regression and system generalized method of moments to estimate the impact of board gender diversity and workforce gender diversity (WGD) on FP. The authors have used Blau's Index (BI) and Shannon's Index (SI) to measure gender diversity. Further, the authors have used return on assets and Tobin's Q (TBQ) to measure FP.FindingsThe authors' panel regression results suggest that board gender diversity and WGD have a positive and statistically significant impact on FP. The authors' findings are robust across different methods of estimation and alternative measures of FP.Originality/valueThis paper examines the impact of gender diversity both at the board and workforce level on FP of 200 companies listed on BSE. The authors' study contributes to the literature that is sparse in the Indian context and provides new insights on the impact of board and WGD on FP. The findings have useful policy implications. To achieve better performance, it is imperative to appreciate gender diversity at the governance and workforce level in a fast-growing economy like India.

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“…Following Sanan (2016b), Biswas (2021), Teodósio et al . (2021) and Kabir et al . (2023) we have used SI and BI for measuring gender diversity.…”

Section: Methodsmentioning

confidence: 96%

Section: Source Of Data Study Period and Samplementioning

confidence: 99%

Impact of gender diversity on firm performance: empirical evidence from India

Laskar,

Sahu,

Choudhury

2023

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“…Consequently, the cultural aspects of a society have a disproportionate impact on the board's ability to improve performance within the wider institutional environment. Recently, further research conducted by Kabir et al (2023) covering firms from 19 European countries from 2010 to 2020 revealed that the masculinity index played a moderating role in the connection between gender‐diverse boards and both ROA and ROE. Despite the advances achieved, the female representation in the boardroom remains far from the desired levels.…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 99%

Women on corporate boards and firm financial performance: Empirical evidence from a multi‐country in Asia

Tran,

Nguyen,

Lien

2024

Bus Strat Dev

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The purpose of this research is to investigate the relationship between board gender diversity in management teams and financial performance of Asian firms in the transportation and logistics industry. To fulfill the research objectives, a total of 444 firm‐year observations operating in various nations of the Asia region from 2017 to 2020 were used in this present study, which was done by adopting the panel data regression approach. Results from a study demonstrate that the presence of female board members in the management structure will have a positive effect on financial performance of Asian firms in the sector of transportation and logistics at a certain level. Finally, our findings contribute to proposing some governance recommendations to enhance the presence and role of women in management positions in a firm's organizational structure in particular, while also promoting firm performance in the transportation and logistics industry in general.

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“…The board's diverse skills fortify their ability to navigate external uncertainties, significantly influencing organizational outcomes (Dobija et al, 2023; Haynes and Hillman, 2010). Resource dependency theory suggests controlling resources is paramount for organizational success, advocating for resource‐rich boards to enhance firm value (Kabir et al, 2023). Empirical studies validate board characteristics—like independence (Kabir et al, 2023), competence (Dobija et al, 2023; Hillman et al, 2000), diversity (Khan et al, 2022), and expertise (Fayyaz et al, 2023)—as influential on financial performance.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Exploring the mediating role of corporate social responsibility in the connection between board competence and corporate financial performance amidst global uncertainties

Al Frijat,

Albawwat,

Elamer

2023

Corp Soc Responsibility Env

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Despite the growing literature on corporate social responsibility (CSR), little is known about how the board of directors' competence can affect the CSR‐financial performance relationship during severe uncertainties such as the COVID‐19 outbreak. This paper focuses on exploring the mediating role of CSR in the connection between board competence and corporate financial performance amidst global uncertainties. The sample consists of Jordanian companies listed on the Amman Stock Exchange. Data were analyzed using the partial least square structural equation modeling. The findings show that boards' CSR competence has a direct and indirect positive impact on financial performance. Therefore, boards of directors' CSR competence can be seen as enablers for CSR activities. In this regard, companies could invest more in qualifying board directors to be socially responsible and enhance their role in improving corporate financial performance. This study identifies and provides empirical evidence on a critical enabler of CSR activities (i.e., boards of directors' CSR competence) from a developing country perspective. This, in turn, could widen the management and other stakeholders' understanding of CSR‐enhancing factors and therefore increase its efficiency. We provide theoretical and practical implications to guide regulators and businesses to ensure sustainable development.

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

Cited by 12 publications

References 23 publications

Impact of gender diversity on firm performance: empirical evidence from India

Impact of gender diversity on firm performance: empirical evidence from India

Women on corporate boards and firm financial performance: Empirical evidence from a multi‐country in Asia

Exploring the mediating role of corporate social responsibility in the connection between board competence and corporate financial performance amidst global uncertainties

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