Do women directors improve firm performance in China?

Liu, Yu; Wei, Zuobao; Xie, Feixue

doi:10.1016/j.jcorpfin.2013.11.016

Cited by 822 publications

(992 citation statements)

References 28 publications

Supporting

100

Mentioning

851

Contrasting

Unclassified

Order By: Relevance

“…The dependence of an entity on the resources in its external environment will pose risks for the business (Liu, Wei, & Xie, 2013). Resource dependence theory suggests four benefits from external linkages, such as the provision of specific resources, the creation of communication with constituents, the provision of support from important groups in the external environment, and the creation of legitimacy (Pfeffer & Salancik, 1978).…”

Section: Resource Dependence Theorymentioning

confidence: 99%

“…The representation of women on boards is generally very low worldwide, including in developed economies; for example, women represent 12.4% of board members in the United States, 6.4% in the United Kingdom, and less than 5% in Canada (Javed, Saeed, Lodhi, & Malik, 2013). Several researchers have proposed that gender diversity has a positive effect on the financial performance of the entities concerned (for example, Carter et al, 2003;Erhardt et al, 2003;Liu et al, 2013). Several reasons have been documented for this, such as the increased independence of the board, the quality of decisions being made, board effectiveness, different communication channels, etc.…”

Section: Board Diversitymentioning

confidence: 99%

“…Ferreira (2004, 2009) found that female directors have lower attendance problems compared to male directors, and hence increase board effectiveness. Furthermore, gender diversity may enhance the communication channels of the firms by sustaining good relations with female clients, customers, and employees (Liu et al, 2013). The creation of this linkage is important because nearly half of the human capital and customers of the firm will be composed of women (Carter et al, 2008).…”

Section: Board Diversitymentioning

confidence: 99%

“…The creation of this linkage is important because nearly half of the human capital and customers of the firm will be composed of women (Carter et al, 2008). Board gender diversity may enhance board reputation to the benefit of the firm (Liu et al, 2013).…”

Section: Board Diversitymentioning

confidence: 99%

“…Previous literature regarding the relationship between gender diversity and firm performance is inconclusive. Some of the studies found a positive relationship (for example, Carter et al, 2003;Liu et al, 2013), some found a negative relationship (for example, Darmadi, 2013), and others no relationship at all (for example, Rose, 2003;Francoeur et al, 2008;Gallego-Álvarez, García-Sánchez, & Rodríguez-Dominguez, 2010;Dang et al, 2013). The mixed results may be caused by several factors, such as the use of different methodology, divergent and small samples, short-term observation, industry coverage, and different control variables, etc.…”

Section: Panel Data Analysismentioning

confidence: 99%

See 4 more Smart Citations

The Effect of Board Diversity on the Performance of Banks: Evidence from Turkey

Kılıç¹

2015

IJBM

View full text Add to dashboard Cite

This study has primary two aims. The first is to determine the characteristics of boards of directors in the Turkish banking industry and the second is to investigate the effect of board diversity on performance of the banks. The analyses in this study are built on the banking industry of Turkey in the period from 2008 to 2012. The impact of the board diversity, as measured by the percentage of women and foreign directors on the board and the Blau index, on financial performance is investigated by conducting panel data analysis. The findings of the study provide evidence of a negative relationship between board diversity and financial performance. Hence, the findings do not support the economic case for board diversity, which implies that diverse directors will increase the financial performance of the banks. This study provides additional evidence to the sparse literature regarding the association between board diversity and financial performance in an emerging market context. Furthermore, most prior studies regarding the relationship between gender diversity and performance have excluded financial firms from their samples. In addition, there are few studies that examine the impact of foreign directors on the performance of banks.

show abstract

Section: Resource Dependence Theorymentioning

confidence: 99%

Section: Board Diversitymentioning

confidence: 99%

Section: Board Diversitymentioning

confidence: 99%

Section: Board Diversitymentioning

confidence: 99%

Section: Panel Data Analysismentioning

confidence: 99%

See 3 more Smart Citations

The Effect of Board Diversity on the Performance of Banks: Evidence from Turkey

Kılıç¹

2015

IJBM

View full text Add to dashboard Cite

show abstract

Agency cost: A missing link between female on board and firm performance

et al. 2022

View full text Add to dashboard Cite

This research aims to investigate the relationship between the presence of females in the board of directors (BOD) and agency cost as well as firm performance with the mediating role of agency costs. We employ STATA to test feasible general least squares and generalized method of moments (GMM) on Vietnamese listed firms' data over 2015-2019. The results demonstrate that the presence of female directors is positively related to firm performance. The percentage of females has a positive relationship with agency cost, which has a negative impact on firm performance. The mediating role of the agency cost variable only reduces the positive impact of gender diversity in the BOD on firm performance, but this relationship is not reversed. The main contribution is the examination of the moderating role of state ownership and the mediating role of agency costs. Our study provides evidence about women's roles in different legal contexts, which might foster the formation of future legal frameworks.

show abstract

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

Tran,

Nguyen,

Lien

2024

Bus Strat Dev

View full text Add to dashboard Cite

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.

show abstract

Do women directors improve firm performance in China?

Cited by 822 publications

References 28 publications

The Effect of Board Diversity on the Performance of Banks: Evidence from Turkey

The Effect of Board Diversity on the Performance of Banks: Evidence from Turkey

Agency cost: A missing link between female on board and firm performance

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

Contact Info

Product

Resources

About