Do Malaysian Women Directors Create Corporate Value?

Aripin, Norhani; Hassan, Nor Laili; Amran, Noor Afza; Ismail, Ku Nor Izah Ku; Abdul-Manaf, Kamarul Bahrain

doi:10.1166/asl.2016.6632

Cited by 5 publications

(7 citation statements)

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“…Having suggested ambiguous conclusions about the association between gender diversity in the board of directors by existing literature, for instance, positive results are revealed by several studies [41,58,59], and many others state negative impact [59,[61][62][63][64] as well as insignificant relationship, motivate us to conduct such an investigation to provide a more clear picture of such an association [12,14,64]. Therefore, the following hypotheses are proposed: Hypothesis 5 (H 5 ).…”

Section: Gender Diversity and Value Creationmentioning

confidence: 98%

The Effect of Intellectual Capital and Board Characteristics on Value Creation and Growth

Salehi

Zimon

2021

Sustainability

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The present study evaluates the relationship between intellectual capital and corporate board characteristics on value creation and growth. Different work experiences and education were two indexes of intellectual capital, and gender diversity was the only characteristic of board members. The study’s statistical population includes companies listed on the Tehran Stock Exchange during 2012–2018. Panel data regression models were employed to elucidate the relationship between research variables. The obtained results indicated that the intellectual capital of the board members of companies listed on the Tehran Stock Exchange does not affect companies’ value and growth. According to the results, appointing female managers should not be dependent on firm growth because gender diversity does not affect the value creation and growth of companies listed on the Tehran Stock Exchange.

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Section: Gender Diversity and Value Creationmentioning

confidence: 98%

The Effect of Intellectual Capital and Board Characteristics on Value Creation and Growth

Salehi

Zimon

2021

Sustainability

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“…On the other hand, other studies reported negative and mixed results [2,7,16,17,28,29,31,33,34,37,48,50]. Great gender diversity may result in more conflicts, and thus decisionmaking may be more difficult and less effective [29].…”

Section: The Effect Of Gender Diversity On Firm Performancementioning

confidence: 99%

“…On the other hand, some researchers come up with contradictory results [7,28], and still, others do not find a link at all [29][30][31]. The reasons for this inconsistency identified in the literature include different theoretical backgrounds [21,32], analysis methods [33,34], and sample size and period [16,29].…”

Section: Introductionmentioning

confidence: 99%

The Effect of the Board’s Educational and Gender Diversity on the Firms’ Performance: Evidence from Non-Financial Firms in Developing Country

et al. 2022

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Prior studies have analyzed board diversity (mostly in developed nations) using financial firms to measure demographic or cognitive characteristics in relation to firm performance. However, the current study attempted to fill the literature gap by evaluating both demographic and cognitive mechanisms in developing economies using non-financial firms in Nigeria. This study examined how board diversity in terms of the gender and educational level of directors affects the performance of Nigerian stock exchange companies. The study utilized a sample of 67 listed companies from the Nigerian stock exchange over eight years, from 2012 to 2019. A quantitative method using a deductive approach was adopted in conducting fixed effect and generalized method of moments (GMM) estimations for robust findings. The findings support the existence of a significant positive influence of both education and gender diversity on the companies’ performance. These results are consistent with agency and resource dependence theoretical expectations. The outcomes add to the current debates on those types of regulatory setters calling for corporate board diversification. The findings would greatly benefit management in the directors’ selection process as they revealed the importance of both education and gender diversity for better performance and enhancing market value. Thus, they contribute to the literature on the state of board diversity in developing countries.

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“…According to Byron and Post (2016), female participation in boards has positive impacts, as long as combined with strong financial investments and a set of knowledge, skills and values that concern not only the financial performance but also the social performance of all parties involved. In the study by Aripin et al (2016), agency theory can bring effective monitoring to the diversity of board members as it provides a balance and minimizes any agency conflict that may be caused by stakeholders. The authors also praise that it is not just a small group of directors that will increase success in decision making, but the interaction and involvement of everyone within the business system.…”

Section: Women's Participation In Councilsmentioning

confidence: 99%

“…In addition, the theory defends the balance between non-executive and executive positions. According to Aripin et al (2016), agency theory suggests that better monitoring is performed when the board has diversity of members, as they generate new perspectives that increase the chances of success in decision making.…”

Section: Moment (Gmm)mentioning

confidence: 99%

Corporate governance and women's participation in the financial performance of enterprises: a systematic review

Franco

Nadal

Pilatti

et al. 2020

Navus

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In corporate boards, there is great concern about women's participation in executive positions and how this may impact the financial performance of organizations, particularly to shareholders. This study aims to analyze the relationship between corporate governance and women's participation in corporate financial performance from 2015 to 2019. The methodology used was based on the application of the Methodi Ordinatio, with the Scopus and Web of Science databases, resulting in the complete analysis of 28 articles. Among the results, the aspect of the representation of female participation is emphasized, both for the company's financial performance and for the disclosure of social activities to shareholders. Results were found that highlight the participation of women positively influences the company's decision making, provided that in addition to female executive positions, positive financial performance indicators are presented. From the analyzed articles 78.6% bring results that present a direct or indirect relationship between the presence of women on the board and the financial performance. It is concluded that most research shows that gender diversity among board members influences the company's financial performance and reduces risk through disclosure of corporate social responsibility activities. However, women's representation on boards is under development, as some articles have shown that there was no significant relationship between the variables presented in this study.

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Do Malaysian Women Directors Create Corporate Value?

Cited by 5 publications

References 0 publications

The Effect of Intellectual Capital and Board Characteristics on Value Creation and Growth

The Effect of Intellectual Capital and Board Characteristics on Value Creation and Growth

The Effect of the Board’s Educational and Gender Diversity on the Firms’ Performance: Evidence from Non-Financial Firms in Developing Country

Corporate governance and women's participation in the financial performance of enterprises: a systematic review

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