Does Board Gender Diversity Have a Financial Impact? Evidence Using Stock Portfolio Performance

Gender Diverse Portfolios as New Asset Class

“…This finding is consistent with Chapple and Humphrey (2014) and is in line with the fact that the US stock market is efficient. However, we do find portfolio idiosyncratic risk is smaller for all gender diverse portfolios than HE.…”

Corporate governance and dividend pay-out policy in UK listed SMEs

“…Although, board diversity can be defined based on different attributes (e.g., education background, age, ethnicity and gender), this study focuses only on gender diversity aspect of the board for two reasons: (i) gender diversity aspect has been widely investigated (Chapple & Humphrey, 2014;Nguyen & Faff 2007;Julizaerma & Sori 2012;Ntim, 2015); and (ii) this aspect can be measured easily (Ntim, 2015). The outcome hypothesis suggests that board diversity can improve board independence and effectiveness by bringing diverse ideas, perspectives and experience to the board (Asher et al, 2005;Carter et al, 2003;Tsuji, 2012).…”

Entrepreneurial orientation and firm performance in family SMEs: the moderating effects of family, women, and strategic involvement in the board of directors

“…Boards with high strategic involvement may have more alternatives to evaluate during the problem-solving process (Rose 2007) due to the active involvement of diverse board members (Machold et al 2011) during which female directors may contribute their unique knowledge, perspectives, and skills (Chapple and Humphrey, 2014). Further, a high SIBD may help firms design successful responses to current and new customer needs (Groysberg and Bell 2013) due to women directors' stronger marketing and sales abilities (Ali et al 2014).…”