Gender Diversity in the Boardroom and Firm Financial Performance

Campbell, Kevin; Mínguez‐Vera, Antonio

doi:10.1007/s10551-007-9630-y

Cited by 1,608 publications

(1,445 citation statements)

References 49 publications

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“…This is consistent with values obtained by Campbell and Minguez-Vera (2007) for the Spanish market, Demsetz and Villalonga (2002) for the US market and Hillier and McColgan (2001) for the UK market are all greater than 1. Furthermore, Table 1 indicates that only 37.8 % of Sri Lankan listed companies have one or more female directors on their boards.…”

Section: Explanatory Variablessupporting

confidence: 91%

“…In an investigation into Spain's listed firms, Campbell and Minguez-Vera (2007) found a positive significant relationship with female proportion on the board and the company's Tobin's Q value. Erhardt et al (2003) found that the percentage of female directors' is positively related to the larger US firms' two accounting measures: return on assets and return on investments.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The panel data structure allows for taking into account the unobservable and consistent heterogeneity. However, Hermalin et al (2003), Carter et al (2003), Campbell and Minguez-Vera (2007) and Marinova et al (2010) show that problems arise with OLS regression if two or more variables are jointly endogenous. To control the effect of inverse causality, most previous studies use a two-stage least squares (2SLS) regression technique.…”

Section: T Testmentioning

confidence: 99%

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Women on board, firm financial performance and agency costs

Wellalage

Locke

2012

Asian J Bus Ethics

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This study investigates the link between female board directors and company financial performance and agency costs in Sri Lanka's publicly listed companies. In order to investigate the impact of board gender diversity on firm financial performance, a dynamic panel generalised method of moment estimation is applied. Three variables are used as proxies for gender diversity of the board of directors, namely the percentage of women on the board, a dichotomous dummy and the Blau index. A Tobit model with endogenous regressors is used to investigate the impact of female board members on agency cost, using growth opportunities as a measure of agency cost. After controlling for size, industry and other corporate governance measures, this study finds a significant negative relationship between the proportion of women on boards and firm value along with an increase in company agency cost. This evidence provides insights for governments and academic institutions in their efforts to provide resources that will help enhance women's leadership skills.

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Section: Explanatory Variablessupporting

confidence: 91%

Section: Literature Reviewmentioning

confidence: 99%

Section: T Testmentioning

confidence: 99%

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Women on board, firm financial performance and agency costs

Wellalage

Locke

2012

Asian J Bus Ethics

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“…The target of Malaysia is to have women's representation of 30% in senior decision-making positions and on boards by 2016 as to accelerate the development of high-potential women leaders in the labor market and in decision-making positions across all industry sectors and business functions [6]. However, Malaysia has only achieved 10.7% across all public listed companies (PLCs) and 14% for the Top 100 companies by market capitalisation according to Bursa Malaysia [6].…”

Section: Introductionmentioning

confidence: 99%

“…However, Malaysia has only achieved 10.7% across all public listed companies (PLCs) and 14% for the Top 100 companies by market capitalisation according to Bursa Malaysia [6].…”

Section: Introductionmentioning

confidence: 99%

The Role of Women Directors on Corporate Boards and Firm Financial Performance in Malaysia

Yong¹,

Tan²

2018

Topics in Economics, Business and Management

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Malaysia's Labour Force Participation Rate is at 67.8 % in June 2017 with the female labour participation rate at 54.3%. The target of Malaysia is to have women's representation of 30% in senior decision-making positions and on boards by 2016 as to accelerate the development of high-potential women leaders in the labour market and in decision-making positions across all industry sectors and business functions. The purpose of this paper is to look at various facets of corporate governance, notably the effectiveness of boards of directors and the composition of boards. In this context, the current study gauges the effects of women directors regarding firm performance issues and the benefits of female representation on boards. The research purpose is to examine the effect of board gender diversity and independence on firm performance in Malaysia's listed companies in consumer products and properties sectors covering a 10-year period from 2007 to 2016. This study also examines number of female and directors affecting the firm performance in terms of Return on Asset (ROA) and Return on Equity (ROE) specifically in two sectors which is consumer products and properties. Quantitative data was collected from the Bloomberg website and annual reports of the public listed companies in Bursa Malaysia. Board Gender diversity was found to be positively related to the firm performance. However, independent director is found insignificant to firm performance. The findings may provide some implications for future research regarding the effectiveness of board of directors towards firm performance. Nevertheless, the finding may not reflect the true picture since the percentage of female directors quite constant in Malaysia. It is recommended to promote gender equality in terms of recruiting women into the corporate board and increase the participation of women in the labour force.

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Of women and land: How gender affects successions and transfers of Iowa farms

Liu

Maule

Zhang

2023

Applied Eco Perspectives Pol

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Using 589 responses to the 2019 Iowa Farm Transfer Survey, we examine factors in farm successor choices among Iowa farmers with a focus on female successors and landowners. Among those with identified successors, 57% chose sons and 8% chose daughters. We find a 12.4% probability a female farmer will choose a daughter, but only 5.9% for a male farmer. Agriculture experience increases the probability of choosing a daughter from 5.4% to 20.7% and from 36.3% to 65.2% for a son. Our paper reveals striking evidence of gender imbalance in farm succession, transfer, and inheritance decisions of US farms.

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Gender Diversity in the Boardroom and Firm Financial Performance

Abstract: board of directors, corporate governance, endogeneity, firm value, women,

Cited by 1,608 publications

References 49 publications

Women on board, firm financial performance and agency costs

Women on board, firm financial performance and agency costs

The Role of Women Directors on Corporate Boards and Firm Financial Performance in Malaysia

Of women and land: How gender affects successions and transfers of Iowa farms

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