scholarly journals Gender Diversity on the Board of Director and Firm Performance: Agency Theory Perspective

2021 ◽  
Vol 12 (2) ◽  
Author(s):  
Lela Hindasah ◽  
Mugi Harsono
Keyword(s):  
Corporate Governance ◽  
Selection Process ◽  
Gender Diversity ◽  
Future Research ◽  
Company Performance ◽  
Female Directors ◽  
Board Of Director ◽  
Governance Practices ◽  
And Performance ◽  
Board Gender Diversity

Research aims: This paper provides a literature review on the influence of board of directors' gender diversity on financial and non-financial performance.Design/Methodology/Approach: This research used the content analysis identified from previous studies based on the proxies employed. The article selection process was carried out from reputable international journals published in 2017-2020, resulting in 50 articles discussing board gender diversity and performance.Research findings: This study's results are a conceptual model and future research developments. Research related to female directors and performance has been much carried out. Hence, future research suggests correlating female directors based on monitoring characteristics, human capital board, and demographics. The influence of gender diversity on non-financial performance is also rarely studied.Theoretical contribution/Originality: Identification of gender diversity attributes associated with financial and non-financial performancePractitioner/Policy implication: This study provides valuable information for policymakers or regulators to refine future corporate governance policies and increase understanding of the relationship between corporate governance practices and company performance as measured by financial and non-financial performance.Research limitation/Implication: This study is based on only 50 articles in the last four years.

scholarly journals Corporate governance and company performance in Italy: Corporate law and regulation perspective

2019 ◽  
Vol 1 (1) ◽  
pp. 24-35 ◽  
Author(s):  
Carlo Caserio ◽  
Sara Trucco
Keyword(s):  
Corporate Governance ◽  
Gender Diversity ◽  
Future Research ◽  
Company Performance ◽  
Board Governance ◽  
Corporate Board ◽  
Governance System ◽  
Research Areas ◽  
Participation Of Women ◽  
Governance Systems

This paper proposes an extensive analysis of corporate governance and corporate board practices in Italy, under different perspectives. First of all, through a literature review, the research aims to analyze the main effects of laws and regulations on corporate board practices in the Italian setting by taking into account the most important corporate board models in different types of companies. This study also highlights the different functions and responsibilities assigned to the boards, bodies and boards’ members, according to the governance system implemented – classic/traditional, dualistic, monistic. For each of these systems, the main issues are presented and the most important critical points are illustrated. Regarding the functions and the responsibility of the board members, the link between the board governance and company performance is discussed on the basis of the main literature, as well as the laws concerning the participation of women to the boards’ activities. Furthermore, the effects of gender diversity on company performance is analysed taking into account the main studies on this topic. Finally, the paper presents some conclusions and future research areas on the aforementioned topics: it proposes future empirical analysis on the effects that different governance systems, different board compositions and different roles of directors, as required by the law, may have on the performance of listed/unlisted companies and on family/non-family companies.

Women directors’ effect on firm value and performance: the case of REITs

2020 ◽  
Vol 20 (7) ◽  
pp. 1265-1279
Author(s):  
Magdy Noguera
Keyword(s):  
Firm Value ◽  
Critical Mass ◽  
Gender Diversity ◽  
Chief Executive ◽  
Women Directors ◽  
Content Type ◽  
Board Of Director ◽  
Sarbanes Oxley ◽  
And Performance ◽  
Board Gender Diversity

Purpose The purpose of this paper is to assess the effect of women directors on US Real Estate Investment Trusts (REITs) value and performance. Design/methodology/approach Archival financial and board of director data for the 1999–2019 period are collected and analyzed using panel data regression analysis. Findings The main findings indicate that women directors’ presence renders a modest positive effect on REIT performance but only when they reach critical mass on REIT boards; and that women directors have no effect at all on REIT value. Additional findings indicate that women directors are more common on REIT boards after the enactment of the Sarbanes–Oxley Act but less common on boards in which the REIT founder is the chief executive officer. Originality/value To the best of the author’s knowledge, this is the first research on the effect of a gender diverse board on REIT value. It is also the first paper documenting a positive relationship between board gender diversity and REIT performance. This paper fills a research gap, as it is one of the few papers focused on gender diversity within the REITs board composition literature.

scholarly journals Board of Director Diversity and Corporate Performance: The Case of South Korea

2017 ◽  
Vol 18 (2) ◽  
pp. 39-58
Author(s):  
Hannah Jun ◽  
Hyojin Kim
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Corporate Performance ◽  
Gender Diversity ◽  
Future Research ◽  
Local Market ◽  
Corporate Boards ◽  
Board Diversity ◽  
Board Of Director ◽  
Area Of Concern

Recent corporate governance scandals (such as those at Uber) have reemphasized the importance of proper oversight and monitoring to ensure sustainable corporate performance. While the issue of how to improve corporate governance is not a new one, we have seen a resurgence of interest in whether diversity – particularly at the board of director level – improves this oversight function and, ultimately, corporate performance. This paper contributes to the academic discussion on board of director diversity with a focus on gender diversity and introduces Korea as a subject of analysis given that corporate governance remains a key area of concern for the local market and that, despite having had a female president in its relatively short democratic history and launching the WomenCorporateDirectors Korea branch in 2016, it ranks last among OECD (Organisation for Economic Co-operation and Development) member states in terms of female representation on corporate boards. We contribute to the academic debate on the relationship between gender diversity on corporate boards and corporate performance by undertaking a comprehensive literature review on board diversity and corporate performance, introducing data on Korean boards of directors and generating testable hypotheses for future research.

scholarly journals Does Board Gender Diversity Bring Better Financial and Governance Performances? An Empirical Investigation of Cases in Taiwan

2020 ◽  
Vol 12 (8) ◽  
pp. 3205 ◽  
Author(s):  
Yu-Hui Wang
Keyword(s):  
Corporate Governance ◽  
Gender Diversity ◽  
Critical Factor ◽  
Positive Association ◽  
Theoretical Argument ◽  
Corporate Boards ◽  
Research Attention ◽  
Female Directors ◽  
Board Gender Diversity ◽  
The Impact

Gender diversity, one of the core streams of top management team (TMT) diversity research, poses a theoretical argument valuable for firms—whether gender diversity among board members can lead to improved performance. Increased research attention on the relationship between gender diversity and the financial and governance performance of firms has produced inconclusive results. This study shapes the gender diversity of corporate boards by defining six compounding elements, which is the major contributor to the literature of gender diversity. This study aims to provide a more complete and precise assessment of the impact of gender diversity on a firm’s performance and corporate governance performance from the Taiwanese experience. The evidence in Taiwan suggests that increased board gender diversity does not have a positive effect on financial and governance performance. Only the ratio of female independent directors is found to have a significantly positive association with a firm’s performance, supporting prior findings that directors with greater independence are better able to perform their monitoring function and thus contribute to performance. The results also demonstrate that female directors having concurrent posts is a critical factor in enhancing corporate governance performance. Female directors with prior experience as serving directors or supervisors in other companies can offer diverse opinions and network ties, thus contributing to improved cohesion and corporate governance. The findings of this research can contribute to both literature and practice in board gender diversity issues and can serve as an empirical basis for enterprises in optimizing their board composition.

scholarly journals Governance and Performance: Publicly Listed Companies in Malaysia

2008 ◽  
Vol 3 (1) ◽  
Author(s):  
Cyril H. Ponnu ◽  
Sarimah Ramthandin
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Price ◽  
Annual Reports ◽  
Company Performance ◽  
Return On Equity ◽  
Price Performance ◽  
Governance Practices ◽  
Corporate Governance Practice ◽  
And Performance

This paper investigates the relationship between corporate governance practice (as indicated by corporate governance disclosure) and company’s financial performance. Certain corporate structures and practices were examined to determine if they have any effect on company’s performance. Corporate governance practices were assessed based on the level of disclosure made in the companies’ annual reports. For financial performance, stock price performance and return on equity (ROE) were used as proxies. Results show that there is a positive relationship between the corporate governance practices and company performance. Findings from this research could be used by regulators, investors, corporations and others who contend that good corporate governance is important for increasing firm’s performance and investor confidence.

scholarly journals Gender Diversity in Corporate Boards: A Comparative Study of Pakistan and Norway

2021 ◽  
Vol 3 (1) ◽  
pp. 28-37
Author(s):  
Tayyaba Noor Asghar
Keyword(s):  
Corporate Governance ◽  
Gender Diversity ◽  
Corporate Boards ◽  
Legal Research ◽  
Secondary Sources ◽  
The Board Of Directors ◽  
And Performance ◽  
Board Gender Diversity ◽  
The Impact ◽  
Mixed Nature

With the increased attention given to corporate governance, there has been more focus on the lack of gender diversity in corporate boards. Within the context of corporate governance, this research focuses on the gender diversity in the boardrooms and to evaluate how the percentage of female directors on a company’s board affects the firm’s performance. For this purpose, Gender diversity in both Norway and in the Pakistan are studied, but this study more focuses on the Pakistan’s board gender diversity, legislations, implementation and its impact on company’s performance, this study also focuses on Norwegian experience and the impact of the Norwegian gender diversity rule. This study is conducted by a qualitative research and a socio-legal research methodology due to library based and its mixed nature of being legal and corporate respectively. This study is also based on primary as well as secondary sources. The results of this study show that there is observable performance benefit to adding more females to the board of directors. Companies found a significant and positive relationship between the percentage of women on the board and performance. These results suggest that if Pakistan decides to adopt strong legislation for corporations in relation to gender diversity and implement them; it will observe significant improvement in firm performance.

scholarly journals A survey of corporate governance studies in China

2013 ◽  
Vol 10 (4) ◽  
pp. 61-70
Author(s):  
Larry Li ◽  
Tony Naughton
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Organizational Structure ◽  
Driving Forces ◽  
Research Direction ◽  
Future Research ◽  
Future Research Direction ◽  
Board Characteristics ◽  
Governance Practices ◽  
And Performance

This paper reviews the theoretical and empirical corporate governance literature in China, concentrating on relationships between ownership, board characteristics and firm performance. In addition, we explore the recent floatation of non-tradable shares and relationship contracting (Guanxi), which are two unique corporate governance issues in China. Overall, the understanding of the key driving forces of firm organizational structure, corporate governance practices, and performance remains largely inconclusive and we make recommendations for future research direction.

Corporate Governance and Performance of Organizations

2018 ◽  
Vol 9 (5) ◽  
pp. 439-446
Author(s):  
Hamid Ait lemqeddem ◽  
◽  
Mounya Tomas ◽  
Keyword(s):  
Corporate Governance ◽  
Agency Theory ◽  
Theoretical Foundation ◽  
Quantitative Approach ◽  
Governance Practices ◽  
Deductive Method ◽  
Private And Public ◽  
Is Theory ◽  
And Performance ◽  
Do So

There is renewed interest in the need to focus on corporate governance in an environment where it is a performance imperative for all small and large organizations, private and public, beginner or established.The purpose of this study is to demonstrate the place of corporate governance practices in organizations to ensure that the board, officers, and directors take action to protect shareholder interests and all stakeholders. It is important to focus on the effect of these practices on improving performance and competitiveness. To do so, we opted for the hypothetico-deductive method with a quantitative approach. Our theoretical foundation is theory is agency theory.

Insider Trading Laws and Corporate Governance Impact on Investment Decision

2021 ◽  
Vol 3 (2) ◽  
pp. 126-137
Author(s):  
Sadaf Khan ◽  
Ubaid Ur Rehman
Keyword(s):  
Corporate Governance ◽  
Insider Trading ◽  
Positive Impact ◽  
Investment Decision ◽  
Investment Decisions ◽  
Future Research ◽  
Good Corporate Governance ◽  
Governance Practices ◽  
The Government ◽  
The Impact

This research aims to analyze the impact of insider trading laws and corporate governance on investment decisions. For this purpose, the data of 400 potential and actual investors employed who provided their feedback on a structured questionnaire. When the data is collected, it was cleaned. The normality of data and reliability of items were also checked and within limits. Simple Regression was applied to test hypotheses. It was concluded that the perception of insider trading laws and corporate governance have a positive impact on investment decisions. The study has wide implications and the government and corporation both can be beneficial from its insight and findings, and exercise good corporate governance practices and follow stringent insider trading laws. The study also paves the way for future research.

Does board gender diversity affect the transparency of corporate political disclosure?

2018 ◽  
Vol 26 (4) ◽  
pp. 444-463 ◽  
Author(s):  
D.G. DeBoskey ◽  
Yan Luo ◽  
Jeff Wang
Keyword(s):  
Corporate Governance ◽  
Voluntary Disclosure ◽  
Gender Diversity ◽  
Political Activity ◽  
Political Contributions ◽  
Firm Level ◽  
Data Set ◽  
Content Type ◽  
Ethics Research ◽  
Board Gender Diversity

Purpose The purpose of this paper is to examine the influence of board gender diversity on the transparency of corporate political disclosure (CPD). Design/methodology/approach Two empirical proxies, CPD transparency and policy transparency, are constructed from a data set jointly produced by the Center of Political Activity and the Carol and Lawrence Zicklin Center for Business Ethics Research. The CPD transparency score measures the level of transparency in voluntary corporate disclosure of the amount of political contributions and the identity of the recipients as well as the titles and names of the executives who authorize the political spending. The policy transparency score measures the level of transparency in the voluntary disclosure of the policies governing corporate political spending. Board gender diversity is measured by the percentage of women on the board of directors. Findings Higher proportions of female directors are associated with more transparent disclosure of political contributions after controlling for a set of corporate governance and firm-level variables. Originality/value This study is the first to examine whether and how gender-diversified boards enhance the transparency of CPD. It contributes to the literature by providing evidence that gender-diversified boards enhance corporate governance.

Sign in / Sign up

Export Citation Format

Share Document