Female leadership and value creation: Evidence from London stock exchange

Trinh, Vu Quang; Pham, Huyen Thu Thi; Pham, Thinh Ngoc; Nguyen, Giang T.

doi:10.22495/cocv15i2c1p10

Cited by 12 publications

(14 citation statements)

References 38 publications

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“…Prior literature (e.g., Parrotta & Smith, 2013;Peni, 2012;Strom, D'Espallier, & Mersland, 2014;Trinh et al, 2018) shows extremely limited findings for the influence of female Chairmen and CEOs on their firm's performance. This study, therefore, tests for the effects of these directors' positions (i.e., Chair and CEO) on the nexus between payouts and gender diversity.…”

Section: Senior Female Directors and Dividend Payouts Levels: The Effect Of Merger Dealsmentioning

confidence: 99%

“…She is likely to be more cautious and effective in providing her monitoring and advisory services to the management team. This reduces agency conflicts between investors/shareholders and managers (Parrotta & Smith, 2013;Peni, 2012;Trinh et al, 2018). As a result, the female directors' positions will have an impact on their performance of financial/payouts strategies when a female Chair is more likely to reduce the agency conflicts within firms, and in turn, that is related to higher levels of dividend payouts, relative to female CEO.…”

Section: Senior Female Directors and Dividend Payouts Levels: The Effect Of Merger Dealsmentioning

confidence: 99%

“…Despite the acknowledgement made by UK industrial firms that board gender diversity (i.e., the existence of females on boards of directors) is an imperative factor contributing to effective corporate governance mechanisms and in turn, corporate dividend policies, prior literature appears to be silent about how this is so (Trinh, Pham, Pham, & Nguyen, 2018). Indeed, UK corporate governance code (2016) presents: 'the problems arising from "groupthink" have been exposed in particular as a result of the financial crisis.…”

Section: Introductionmentioning

confidence: 99%

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Boardroom gender diversity and dividend payout strategies: Effects of mergers deals

et al. 2020

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Our study examines the effects of mergers and acquisitions deals on the relationship between female leadership and dividend strategies for 90 UK listed firms during the period 2006-2016. Results indicate that firms with a larger proportion of female directors serving on the board are more likely to pay higher dividends, but this positive finding is weaker when the firms experienced a higher number of mergers and acquisitions deals. Interestingly, extended analyses on female directors' positions show the opposing effects of female Chairmen and female CEOs on a firm's payout strategies. Although a female Chairman is associated with higher dividend payout levels, a female CEO shows an adverse impact. Yet these results tend to be reversed for firms with more merger and acquisition transactions. Our findings make a significant contribution to a trendy but relatively limited and inconclusive topic that links gender diversity to scrutiny intensity.

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Section: Senior Female Directors and Dividend Payouts Levels: The Effect Of Merger Dealsmentioning

confidence: 99%

Section: Senior Female Directors and Dividend Payouts Levels: The Effect Of Merger Dealsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Boardroom gender diversity and dividend payout strategies: Effects of mergers deals

et al. 2020

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“…Trinh et al [24], examined the effects of female leadership, at both board-level and individuallevel, on the corporate value of UK FTSE100 stocks. Using the Generalized Method Moments (GMM) regression approach with a dataset of 96 publicly firms from 2006 to 2016; the analysis revealed strong evidence that the existence of female directors on board is positively associated with firm value.…”

Section: Fig 1 Diagrammatic Representation Of the Conceptual Frameworkmentioning

confidence: 99%

Board Gender Heterogeneity, Corporate Diversification and Cash Flow Performance of Deposit Money Banks in Nigeria: An Independent and Joint Effect Analysis

Ndubuisi

Udekwesili

Nkiru

2021

AJEBA

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The objective of this study was to examine the effect of board gender heterogeneity and corporate diversification on cash flow performance of Deposit Money Banks (DMBs) in Nigeria. The study specifically examined the effect of gender heterogeneity and business subsidiary on operating, investing and financing cash flow performances. The study adopted the ex-post facto research design; as the goal is not to manipulate any variable but rather to establish effect. The population comprised quoted DMBs and the sample restricted to a purposive sample of six (6) banks whose annual reports were accessible for the period of 2005-2020 which is the time scope of this study. The data were analysed using the multiple regression technique. The results showed that gender heterogeneity and corporate diversification does not have a statistically significant effect on cash flow performance jointly and individually. Based on these findings, the study recommended that Gender heterogeneity should be allowed on the boards of DMBs not necessarily to promote cash flow performance, but for equity, fairness and relative peace as supported by previous literature.

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“…Apesar da quantidade reduzida de trabalhos que aplicaram o Q de Tobin em clubes de futebol, ressalta-se seu uso em estudos anteriores, tanto no contexto internacional (Búa, González, López, & Santomil, 2015;Fang, Francis & Hasan, 2018;Trinh, Pham, Pham, & Nguyen, 2018), como no âmbito nacional (Camargos, & Barbosa, 2009;Vilhena, & Camargos, 2015;Marchiori, Grando, Martins, & Brunozi, 2016), como proxy para criação de valor em empresas.…”

Section: Metodologiaunclassified

A Influência dos Fatores Financeiros e Esportivos Sobre o Valor dos Clubes de Futebol Brasileiros

Nascimento¹,

Dantas

Azevedo³

2019

Rev. Evid. Cont. & Fin.

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Objetivo: O estudo tem como objetivo investigar quais são as variáveis financeiras e esportivas que influenciam no valor dos clubes de futebol brasileiros.Fundamento: Justifica-se pelo aprofundamento em uma esfera, dos estudos do mercado de futebol, até então pouco explorada, que é o valor dos clubes de futebol brasileiros e a sua relação com as variáveis financeiras e esportivas.Método: Foram coletados dados dos clubes de futebol brasileiros mais valiosos de acordo com a pesquisa da BDO RCS (2017), bem como as demonstrações contábeis dos clubes futebol no período de 2011 a 2016. A amostra da pesquisa é composta por 24 times, tendo em vista a exclusão de dezesseis clubes que não tinham dados disponíveis ou foram considerados outliers através da análise do boxplot. No modelo proposto, o Q de Tobin foi utilizado como proxy para o valor dos clubes. Através do pacote estatístico Gretl 2015®, a regressão linear múltipla foi realizada para tratamento dos dados.Resultados: Observou-se que as variáveis “ranking CBF”, “custo/receita” e “grau de endividamento” apresentaram-se estatisticamente significantes para explicar o valor dos clubes de futebol brasileiros, diferentemente das variáveis “retorno sobre ativos”, “primeira divisão” e “liquidez corrente”, que não se apresentaram significantes.Contribuições: Dessa forma, percebe-se que os clubes que possuem maior pontuação de acordo com a convenção do ranking nacional de clubes, junto aos que apresentam maiores índices de endividamento e eficiência nos gastos são mais valorizados no mercado.Palavras-chave: Valor dos Clubes. Clubes de Futebol Brasileiros. Q de Tobin.

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Female leadership and value creation: Evidence from London stock exchange

Cited by 12 publications

References 38 publications

Boardroom gender diversity and dividend payout strategies: Effects of mergers deals

Boardroom gender diversity and dividend payout strategies: Effects of mergers deals

Board Gender Heterogeneity, Corporate Diversification and Cash Flow Performance of Deposit Money Banks in Nigeria: An Independent and Joint Effect Analysis

A Influência dos Fatores Financeiros e Esportivos Sobre o Valor dos Clubes de Futebol Brasileiros

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