Boards of directors in Russian publicly traded companies: the gender aspect

2018 ◽  
pp. 142-155 ◽  
Author(s):  
T. A. Garanina ◽  
A. A. Muravyev
Keyword(s):  
Boards Of Directors ◽  
Company Performance ◽  
Corporate Boards ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Representation Of Women ◽  
Female Directors ◽  
Female Director ◽  
Gender Aspect ◽  
Longitudinal Dataset

This article studies the gender composition of corporate boards of Russian companies, including its relation to company performance. The analysis is based on a unique longitudinal dataset of virtually all Russian companies whose shares were traded on the stock market in 1998-2014. It shows a relatively small representation of women, just 12% of all the seats, while about 40% of the companies did not have any female director. At the same time, both the share of companies that appoint female directors and the share of female directors on boards show a clear upward trend. The econometric analysis suggests a positive link between the presence of female directors on boards and company performance, especially when firms appoint several, rather than one, female directors.

scholarly journals Executive compensation and board of directors’ disclosure in Canadian publicly-listed corporations

2013 ◽  
Vol 10 (3) ◽  
pp. 188-199 ◽  
Author(s):  
Martin Spraggon ◽  
Virginia Bodolica ◽  
Tor Brodtkorb
Keyword(s):  
Corporate Governance ◽  
Executive Compensation ◽  
Boards Of Directors ◽  
Corporate Boards ◽  
Publicly Traded ◽  
Information Transparency ◽  
Publicly Traded Companies ◽  
Listed Firms ◽  
Reporting Practices ◽  
Governance Regime

This article contributes to the growing body of literature exploring the important role that information transparency plays in strengthening the national corporate governance regime. We review the 2007 amendments to the Canadian reporting legislation with the particular emphasis on sections pertaining to executive compensation and boards of directors. Taking into consideration the specificities of the „comply-or-explain‟ system in Canada, we seek to uncover the extent to which publicly-listed firms comply with these newly amended standards of corporate governance reporting. Based on a comparison of 403 proxy circulars issued in the post-amendment period, we identified important cross-firm variations in the type and format of disclosed information on executive compensation and corporate boards of directors. In order to address the problems that inter-organizational disclosure discrepancies generate for governance researchers and analysts, we provide several recommendations on how Canadian publicly-traded companies can improve their reporting practices

scholarly journals Intellectual capital myths: Comments on literature review

2013 ◽  
Vol 10 (3) ◽  
pp. 169-176 ◽  
Author(s):  
Michail Nerantzidis ◽  
Nikitas – Spiros Koutsoukis ◽  
Petros A. Kostagiolas ◽  
Zoi Karoulia
Keyword(s):  
Corporate Governance ◽  
Executive Compensation ◽  
Boards Of Directors ◽  
Corporate Boards ◽  
Publicly Traded ◽  
Information Transparency ◽  
Publicly Traded Companies ◽  
Listed Firms ◽  
Reporting Practices ◽  
Governance Regime

This article contributes to the growing body of literature exploring the important role that information transparency plays in strengthening the national corporate governance regime. We review the 2007 amendments to the Canadian reporting legislation with the particular emphasis on sections pertaining to executive compensation and boards of directors. Taking into consideration the specificities of the „comply-or-explain‟ system in Canada, we seek to uncover the extent to which publicly-listed firms comply with these newly amended standards of corporate governance reporting. Based on a comparison of 403 proxy circulars issued in the post-amendment period, we identified important cross-firm variations in the type and format of disclosed information on executive compensation and corporate boards of directors. In order to address the problems that inter-organizational disclosure discrepancies generate for governance researchers and analysts, we provide several recommendations on how Canadian publicly-traded companies can improve their reporting practices.

scholarly journals Gender Diversity in the Boardroom: Raising Questions About the "Comply or Explain" Model and Targets in Canada

2019 ◽  
Vol 9 (2) ◽  
Author(s):  
Rima Halabi
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Business Case ◽  
Gender Disparity ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Representation Of Women ◽  
Meta Analyses ◽  
Comply Or Explain

Effective corporate governance requires diversity in perspectives. Nevertheless, gender disparity continues to be a long-standing and prevalent problem on Canadian boards of directors and in executive roles. A “business case” argument that asserts that diverse leadership achieves better financial results has been put forward in support of rectifying gender disparity; however, recent meta-analyses research denies the validity of the “business case” argument. This paper argues that conclusions regarding the invalidity of the business case should be approached with caution. In 2014, securities regulators in Canada implemented amendments to Form 58-101F1 Corporate Governance Disclosure in order to address gender diversity. Unfortunately, progress has been slow because the new diversity disclosure rules are not based on a true “comply or explain” model. This paper argues that securities regulators should require publicly traded companies to adopt a policy relating to the representation of women on their boards. Furthermore, this policy should include a target percentage, chosen by the company, for women on a company’s board of directors and in their executive officer positions.

Effect of female executives on Chinese cultural media enterprise efficiency

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ying Li ◽  
Yung-Ho Chiu ◽  
Tai-Yu Lin ◽  
Hongyi Cen
Keyword(s):  
Boards Of Directors ◽  
Company Performance ◽  
Tobit Regression ◽  
Female Executives ◽  
Two Stage ◽  
Content Type ◽  
Female Directors ◽  
The Impact ◽  
Cultural Media ◽  
Better Than

Purpose As more women are now being appointed to senior and top management positions and invited to sit on boards of directors, they are now directly participating in strategic company decision-making. As female directors have been found to provide new ideas, increase company competitiveness, efficiency and performance and bring a greater number of external resources to a company than male directors, this paper aims to put female directors as a variable into the data envelopment analysis (DEA) and statistical models to explore the effect of female directors on operating performances. The DEA first quantified and measured the company efficiencies, after which the statistical model analyzed the correlations between the variables to specifically identify the impact of female decision makers on the operating efficiencies in state-owned and private enterprises. Design/methodology/approach A novel two-stage, meta-hybrid dynamic DEA was developed to explore Chinese cultural media company efficiencies under optimal input and output resource allocations, after which Tobit Regression was applied to determine the effect of female executives on these efficiencies. Findings From 2012 to 2016, the overall efficiencies in Chinese state-owned cultural media enterprises were better than in the private cultural media enterprises. The overall technology gaps (TGs) in the state-owned cultural media enterprises were better than in the private cultural media enterprises. Originality/value Previous research has tended to focus on the causal relationships between female senior executives and business performances; however, there have been few studies on the relationships between female executives and company performance from an efficiency perspective (optimal resource allocation). This paper, therefore, is the first to develop a novel two-stage, meta-hybrid dynamic DEA to examine Chinese cultural media enterprise efficiencies, and the first to apply Tobit Regression to assess the effect of female executives on those efficiencies.

scholarly journals The Composition Of Corporate Boards Of Directors: Does Industry Matter?

2012 ◽  
Vol 10 (3) ◽  
pp. 157 ◽  
Author(s):  
Dan Marlin ◽  
Scott W. Geiger
Keyword(s):  
Boards Of Directors ◽  
Retail Trade ◽  
Future Research ◽  
Corporate Boards ◽  
Font Size ◽  
Corporate Board ◽  
Publicly Traded ◽  
Trade Finance ◽  
Board Characteristics ◽  
Publicly Traded Firms

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none; mso-add-space: auto;" class="MsoNormalCxSpFirst"><span style="color: black; font-size: 10pt;"><span style="font-family: Times New Roman;">The purpose of this study is to identify and examine differences in corporate board characteristics across four industries.<span style="mso-spacerun: yes;"> </span>Using a sample of 2592 US publicly traded firms, eleven board characteristics were identified and then examined across manufacturing, retail trade, finance/insurance, and services industries.<span style="mso-spacerun: yes;"> </span>Our analyses revealed significant differences in each of the eleven board characteristics examined.<span style="mso-spacerun: yes;"> </span>Implications and areas for future research are discussed.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>

scholarly journals Lige for lige? Kønssegregering i Folketingudvalg og i ledelsen af det private erhvervsliv

Politik ◽  
2016 ◽  
Vol 19 (1) ◽  
Author(s):  
Christina Fiig ◽  
Mette Verner
Keyword(s):  
Gender Segregation ◽  
Foreign Affairs ◽  
Board Members ◽  
Corporate Boards ◽  
Public Attention ◽  
Publicly Traded ◽  
The Public ◽  
Representation Of Women ◽  
Explorative Study ◽  
Parliamentary Politics

In this article, we describe and discuss the vertical and horizontal gender segregation in the elites of Danish Parliamentary politics and private business. Our new data on the gender distribution on corporate boards of publicly traded firms show how women are absent among board chairs and CEOs and illustrates the low representation of women among board members.  Among members of Parliamentary committees a more equal gender representation is found, however, there is a clear tendency toward a vertical and a horizontal segregation. Our findings show that women MPs are less represented in certain Parliamentary committees on foreign affairs, economy, finance, tax and transportation. This distribution mirrors other country studies on Parliamentary committees. We propose two hypotheses in order to explain our explorative study: a thesis on a gender bias of certain policy areas and a hypothesis on the significance of the ‘public eye’. Concerning the latter, our results illustrate how institutions subject to ‘the public eye’ have more balanced gender compositions than institutions with less public attention, like corporate boards.

Social Capital of Corporate Boards: Effects on Firm Growth

2016 ◽  
Vol 44 (3) ◽  
pp. 453-462 ◽  
Author(s):  
Ji-Hwan Lee ◽  
Minhong Jang ◽  
Chul Choi
Keyword(s):  
Social Capital ◽  
Ownership Structure ◽  
Firm Growth ◽  
Negative Relationship ◽  
Corporate Boards ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Inside Directors ◽  
The Board Of Directors ◽  
Firm Boundary

In this study, we analyzed how the internal and external social capital of the board of directors affects a firm's performance and whether the ownership structure moderates such effects. Our empirical analyses were based on a sample of directors from over 100 large, publicly-traded companies in Korea. Results showed a negative relationship between the internal social capital of the whole board and firm growth, and a positive relationship between the external social capital of inside directors and firm growth. In addition, strong ownership structure reduced the influence of the whole board's internal social capital on firm growth. These findings imply that strong bonding among corporate directors can reduce the board's active functioning and firm growth, but that this effect can be mitigated by strong ownership. With regard to external social capital, inside directors' network beyond the firm boundary appears to be an effective tool to leverage firm growth.

scholarly journals Lige for lige? Kønssegregering i Folketingsudvalg og i ledelsen af det private erhvervsliv

Politik ◽  
1970 ◽  
Vol 19 (4) ◽  
Author(s):  
Christina Fiig ◽  
Mette Verner
Keyword(s):  
Gender Segregation ◽  
Foreign Affairs ◽  
Board Members ◽  
Corporate Boards ◽  
Public Attention ◽  
Publicly Traded ◽  
The Public ◽  
Representation Of Women ◽  
Explorative Study ◽  
Parliamentary Politics

In this article, we describe and discuss the vertical and horizontal gender segregation in the elites of Danish Parliamentary politics and private business. Our new data on the gender distribution on corporate boards of publicly traded firms show how women are absent among board chairs and CEOs and illustrates the low representation of women among board members.  Among members of Parliamentary committees a more equal gender representation is found, however, there is a clear tendency toward a vertical and a horizontal segregation. Our findings show that women MPs are less represented in certain Parliamentary committees on foreign affairs, economy, finance, tax and transportation. This distribution mirrors other country studies on Parliamentary committees. We propose two hypotheses in order to explain our explorative study: a thesis on a gender bias of certain policy areas and a hypothesis on the significance of the ‘public eye’. Concerning the latter, our results illustrate how institutions subject to ‘the public eye’ have more balanced gender compositions than institutions with less public attention, like corporate boards.

scholarly journals Female leadership and value creation: Evidence from London stock exchange

2018 ◽  
Vol 15 ◽  
pp. 248-257 ◽  
Author(s):  
Vu Quang Trinh ◽  
Huyen Thu Thi Pham ◽  
Thinh Ngoc Pham ◽  
Giang Thuy Nguyen
Keyword(s):  
Firm Value ◽  
Boards Of Directors ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Female Leadership ◽  
Individual Level ◽  
Female Directors ◽  
Female Director ◽  
The Uk ◽  
Board Level

This study examines the effects of female leadership, at both board-level and individual-level, on the corporate value of UK FTSE100 stocks. United Kingdom is a valuable sample for this research as the UK governance sets the goal that at least a third of UK boardroom positions should be held by women by the end of 2020. Using the GMM approach with a dataset of 96 publicly firms from 2006 to 2016; our analysis reveals strong evidence that the existence of female directors on board is positively associated with firm value (Tobin’ Q). Testing for the female director positions, we interestingly found the competing results: the relation between the female chairman and firm value is significantly positive whilst there exists an adverse link between female CEO and firm value. The findings imply a significant effect of quota laws for gender diversity of boards of directors and female directors’ positions on UK corporate market value.

scholarly journals The Relationship between CEO Characteristics & External Auditing Quality: A Longitudinal Assessment

2019 ◽  
Vol IV (IV) ◽  
pp. 141-156
Author(s):  
Ashfaque Ali Banbhan ◽  
Khalid Hussain Abbasi ◽  
Farheen Qasim Nizamani
Keyword(s):  
Company Performance ◽  
Longitudinal Assessment ◽  
Publicly Traded ◽  
Financial Reports ◽  
Quality Audit ◽  
Publicly Traded Companies ◽  
Level Manager ◽  
The Impact

All publicly-traded companies are required by law to disclose their accurate financial information in order to reduce information asymmetries. This study focuses quantitatively on the impact of top management on the quality of corporate audits. Using company financial data, this study found that there is a positive correlation between highquality audits and company performance, as a higher quality audit can ensure rigorous follow-up to financial reports. This study also broadens the understanding of a higher-level manager in the presence of a quality audit.

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