Gender diversity in boardroom and its impact on firm performance

Arora, Akshita

doi:10.1007/s10997-021-09573-x

Cited by 61 publications

(52 citation statements)

References 42 publications

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“…We can mention that female board diversity may lead to better accounting performance as suggested by Carter et al [18], Erhardt et al [83], Chen et al [125], Kılıç and Kuzey [126], Arora [112], and Brahma et al [108].…”

Section: Resultsmentioning

confidence: 75%

“…is might be linked to increased board productivity and problem-solving abilities, resulting in improved corporate success. e findings also suggest that having more than one woman on a board of directors can improve a company's performance by bringing in a range of perspectives to the boardroom [112]. Also, the paper of Jiang et al [118] confirmed that a female director has a positive effect on the company's financial performance being in line also with other studies reflecting a similar Complexity opinion [127][128][129], according to which women show better communal and ethical values through their social roles than men.…”

Section: Resultsmentioning

confidence: 88%

“…Within the analysis, as already Arora [112] pointed out, board gender diversity is computed as the ratio of women directors dividing the total number of women directors by the total board size. As control variables, we have used two potential variables: the existence of an audit report for which the given score was 0 for no published report, score 1 for the opinion of other auditors than Big4, and score 2 for the opinion of Big4 auditors, and the existence of corporate governance report for which we have allocated score 0 for no report published, score 1 for one report published, and score 2 allocated for those cases where more information on governance than just one report was disclosed.…”

Section: Methodsmentioning

confidence: 99%

“…Starting from the observation of Arora [112], to examine the female board representation impact on companies' performance, the following model can be estimated:…”

Section: Methodsmentioning

confidence: 99%

See 3 more Smart Citations

The Complexity of Interaction between Executive Board Gender Diversity and Financial Performance: A Panel Analysis Approach Based on Random Effects

2022

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This study examined the influence of the executive board of directors’ gender diversity on the financial performance of listed companies on the Bucharest Stock Exchange, for the period 2011 to 2019. The analysis of the composition and different characteristics of the board and the executive directors proved to be effective tools for corporate governance in countries with an emerging capital market. Therefore, a disclosure index on directors’ characteristics was used to moderate the interaction between gender diversity and financial performance, based on the theoretical framework provided by upper echelon theory. The study contributes to the enrichment of the literature both by using the composite indicator built by applying the multiway PCA method on panel data to express financial performance and by designing the ten EGLS panel models involving five financial indicators and two proxies for gender diversity. The results showed that there is a positive impact of the proportion of women on the executive board of directors on financial performance, measured through the composite index, ROA, ROE, and SOL. A statistically significant impact of gender diversity on financial performance was found only for SOL, in the case of the Blau index. Also, using the random-effects model to perform the panel data analysis, the results showed that a higher executive board size can be associated with better financial performance measured through the composite index, ROA, ROE, and EPS. Practical implications are significant for the board of executives’ composition, the complexity of the relationship with the board, and reshaping governance practices.

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Section: Resultsmentioning

confidence: 75%

Section: Resultsmentioning

confidence: 88%

Section: Methodsmentioning

confidence: 99%

“…Starting from the observation of Arora [112], to examine the female board representation impact on companies' performance, the following model can be estimated:…”

Section: Methodsmentioning

confidence: 99%

See 2 more Smart Citations

The Complexity of Interaction between Executive Board Gender Diversity and Financial Performance: A Panel Analysis Approach Based on Random Effects

2022

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“…Gender diversity on board has become a popular topic of CG lately. According to Arora (2021), women directors could share distinct values, norms and understanding besides having valuable skills and knowledge. Thus, women directors can improve decision-making.…”

Section: Number Of Women Directors (Nowd)mentioning

confidence: 99%

Globalizing the Boardroom among Family-Controlled Companies on Bursa Malaysia: The effects of corporate governance on firm performance

Chang

Cheng

et al. 2022

E-BPJ

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This paper aimed to determine the research gap between corporate governance and its effects on firm performance among family-controlled listed companies on Bursa Malaysia with a globalized boardroom after implementing MCCG 2012. The study focused on family-controlled companies listed on Bursa Malaysia from 2013 to 2018. The sample size includes 240 firm-year observations. Panel data analysis (fixed and random effect) model and Hausman tests were used. Results from panel data analysis (Eviews) found no significant effects between corporate governance and firm performance of family-controlled companies listed on Bursa Malaysia with a globalized boardroom. Keywords: Corporate Governance; Firm Performance; Family-Controlled Companies; Globalized Boardroom eISSN: 2398-4287 © 2022. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v7iSI8.3915

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U‐shaped relationship between environmental performance and financial performance of non‐financial companies: An empirical assessment

Ghosh

Pareek

Sahu

2023

Corp Soc Responsibility Env

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This study takes inspiration from the resource-based view theory and two-little of a good thing theory to scrutinize the influence of environmental performance (EP) on the firms' financial performance (FP). This study comes up with different interpretations like initially negative and later on positive impact of EP measured in terms of environmental disclosure score (EDS) on the firms' economic performance measured in terms of Tobin's Q, considering a nonlinear association between them. In order to examine the research hypothesis, static as well as generalized method of moments (GMM)-based dynamic panel data analysis has been used on the selected nonfinancial Indian companies for eleven financial years which commences from 2010 up to 2020. The result in the study confirms a positive U-shaped linkage between EP and FP because firms achieve better and positive FP when the EDS increases continuously and crosses the threshold limit of 36 points in the long run, respectively. The result suggests that managers and investors to be cautious and courageous because EP will generate positive results due to the availability of critical resources and organization discretion in the long run but will harm at the minimum level.

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Gender diversity in boardroom and its impact on firm performance

Cited by 61 publications

References 42 publications

The Complexity of Interaction between Executive Board Gender Diversity and Financial Performance: A Panel Analysis Approach Based on Random Effects

The Complexity of Interaction between Executive Board Gender Diversity and Financial Performance: A Panel Analysis Approach Based on Random Effects

Globalizing the Boardroom among Family-Controlled Companies on Bursa Malaysia: The effects of corporate governance on firm performance

U‐shaped relationship between environmental performance and financial performance of non‐financial companies: An empirical assessment

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