Women on Boards in Portuguese Listed Companies: Does Gender Diversity Influence Financial Performance?

Carmo, Cecília; Alves, Sandra; Quaresma, Bruna

doi:10.3390/su14106186

Cited by 24 publications

(24 citation statements)

References 71 publications

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“…These obstacles prevent women from advancing in their careers, and they are widespread in settings where men dominate and are the evaluators. Carmo et al (2022) studied BGD and firm performance in Portuguese-listed firms. He observed that firms with a minimum of 20% of representation of women on board showed higher performance.…”

Section: Review Of Literaturementioning

confidence: 99%

“…Carmo et al (2022) studied BGD and firm performance in Portuguese-listed firms. He observed that firms with a minimum of 20% of representation of women on board showed higher performance.…”

Section: Review Of Literaturementioning

confidence: 99%

“…There are many barriers and demanding situations in their profession. In this paper, we examine the status and positioning of women (Carmo et al, 2022) in corporate governance in private sector companies in India and challenges in their work environment. Gender diversity means the fair representation of individuals of different genders within the organisation.…”

Section: Introductionmentioning

confidence: 99%

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Status of Women in Corporate Governance in the Private Sector Companies in India

Raut¹,

Deshpande²,

Gupta

et al. 2023

Indian Journal of Corporate Governance

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We investigated the status of women in corporate governance in Indian private sector enterprises. A quantitative empirical study was conducted on a convenient sample of 22 women who are members of the supervisory board or the board of directors of BSE 100 companies in India. An in-depth interview was used as a research tool. A 5-point Likert scale questionnaire was prepared to address a few objectives. The study documents that, despite the numerous misconceptions encountered in their job, women generally believe they are appreciated equally by their male co-workers. Achieving work–life balance is a significant problem because of the complex nature of women’s roles in their home and professional lives. The study also documents that women’s development in corporate governance bodies is based on the assistance they get from the more extensive system and society. Research identifies the antecedents of corporate governance and work environment. This research contributes to the study of corporate governance in the workplace. It offers insights into how women handle social bias and work–life balance to succeed professionally. The study’s outcome is helpful for all the stakeholders to understand the various factors which significantly influence women’s position in the work environment to make corporate governance more effective.

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Section: Review Of Literaturementioning

confidence: 99%

“…Carmo et al (2022) studied BGD and firm performance in Portuguese-listed firms. He observed that firms with a minimum of 20% of representation of women on board showed higher performance.…”

Section: Review Of Literaturementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Status of Women in Corporate Governance in the Private Sector Companies in India

Raut¹,

Deshpande²,

Gupta

et al. 2023

Indian Journal of Corporate Governance

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“…ROA is the proxy used where it is the net income divided by total assets (Carmo et al, 2022;Gulamhussen & Santa, 2015). ROE assesses the firm's efficiency in generating profits and its return on shareholders' equity (Al-ahdal et al, 2020), and it denotes the returns on investment that a firm can cause (Maditinos et al, 2009).…”

Section: Independent Variable -Financial Performancementioning

confidence: 99%

“…We consider the institutional representativeness of women in three ways. First, if the firm has at least one WOB and 0; otherwise, a dummy variable is coded (1WOM) (Carmo et al, 2022). Second, the proportion of women on boards of directors (PWOM) is calculated by dividing the total of female directors by the total size of the board (Carmo et al, 2022;Eni-Egwu et al, 2022).…”

Section: Dependent Variableboard Gender Diversitymentioning

confidence: 99%

Women on Boards and Financial Performance of Malaysian Banks

Rahman,

Mohamad

2023

European Proceedings of Finance and Economics

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Through the perspective of critical mass theory, this study provides empirical evidence on the effect of the existence of women on boards (WOB) on the financial performance of Malaysian banks. Our sample included 90 bank-year observations, which span the years 2013 through 2021. Using panel data regression analysis, this study documents the insignificant impact of the existence of WOB on bank financial performance, implying that the mere presence of WOB does not improve the financial performance of Malaysian banks. Nevertheless, the proportion of WOB and a threshold of 30% WOB have a favourable effect on financial performance as measured by ROE and ROIC. This study recommends that banks concentrate on recruiting the appropriate proportion of female directors and exploiting the possible advantages of a gender-balanced board, as greater diversity may help firms achieve excellent stability, which generally improves financial performance. This study has significant ramifications for regulators, policymakers, and practitioners.

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