Comparative Analysis of Racio-Ethnicity and Gender Impact on Stock Risk

2017 ◽  
pp. 1162-1189
Author(s):  
J. R. Smith ◽  
Andrea Tillman-Hawkins ◽  
Alisa L. Mosley ◽  
Jean-Claude Assad
Keyword(s):  
Firm Performance ◽  
Cultural Diversity ◽  
Gender Diversity ◽  
Future Research ◽  
Significant Relationships ◽  
Study Methodology ◽  
And Gender ◽  
Ethnicity And Gender ◽  
The Relationship ◽  
Stock Values

The study purpose is to examine the relationship between cultural diversity and firm performance from the perspective of the investors. Stock values were used to test the hypothesized relationships between the components of cultural diversity (i.e. racio-ethnicity and gender impact on firm performance) using an event study methodology with regression analysis techniques. The findings indicate that the influences of racio-ethnicity and gender diversity on firm performance were mixed. However, significant relationships were found between the components of cultural diversity and firm performance. New directions for future research are offered.

Comparative Analysis of Racio-Ethnicity and Gender Impact on Stock Risk

2014 ◽  
Vol 3 (3) ◽  
pp. 18-41
Author(s):  
J. R. Smith ◽  
Andrea Tillman-Hawkins ◽  
Alisa L. Mosley ◽  
Jean-Claude Assad
Keyword(s):  
Firm Performance ◽  
Cultural Diversity ◽  
Gender Diversity ◽  
Future Research ◽  
Significant Relationships ◽  
Study Methodology ◽  
And Gender ◽  
Ethnicity And Gender ◽  
The Relationship ◽  
Stock Values

The study purpose is to examine the relationship between cultural diversity and firm performance from the perspective of the investors. Stock values were used to test the hypothesized relationships between the components of cultural diversity (i.e. racio-ethnicity and gender impact on firm performance) using an event study methodology with regression analysis techniques. The findings indicate that the influences of racio-ethnicity and gender diversity on firm performance were mixed. However, significant relationships were found between the components of cultural diversity and firm performance. New directions for future research are offered.

scholarly journals The effect of diversification on firm performance: Evidence from Listed Companies in Vietnam

2021 ◽  
Vol 9 (02) ◽  
pp. 2072-2180
Author(s):  
Dai Long Khuc ◽  
Thi Thu Bui ◽  
Quynh Mai Ha
Keyword(s):  
Firm Performance ◽  
Gender Diversity ◽  
Supervisory Board ◽  
Listed Companies ◽  
Ceo Duality ◽  
Return On Equity ◽  
Independent Variables ◽  
Negative Effect ◽  
And Gender ◽  
The Relationship

The study was conducted to investigate the relationship between diversification on Board and firm performance. The investigation has been performed using panel data procedure for a sample of 204 Vietnamese listed companies in two different groups: Large cap and Mid cap, listed in HOSE and HNX during the period of five years from 2015 to 2019. The study uses three performance measures (including return on equity, return on asset, Tobin’s Q) as dependent variable. The independent variables for measurement of diversification on Board are the number of females and the diversification for Supervisory Board are the number of females only. Other independent variables are average age of Board member, CEO duality and the number of independent directors. The results indicated that firm performance have positive relationship with nationality diversity on Board and gender diversity on Supervisory Board. CEO duality shows a significant result of negative effect on firm performance.

Getting Women on Board: Some Reflections on Research on Board Gender Diversity

2020 ◽  
Vol 55 (01) ◽  
pp. 2050003
Author(s):  
Kris Hardies ◽  
Diane Breesch
Keyword(s):  
Financial Performance ◽  
Executive Compensation ◽  
Gender Diversity ◽  
Future Research ◽  
Gender Research ◽  
And Gender ◽  
Board Gender Diversity ◽  
The Relationship ◽  
Broad Overview

Al-Shaer and Harakehn (2020) and Lopatta et al. (2020) study different aspects of the relationship between board gender diversity and corporate outcomes, respectively executive compensation and non-financial performance. In this discussion, we offer a broad overview of the main results of both studies, provide some points of discussion in relationship to these specific studies, and elaborate on a number of additional points that link the current studies to the broader literature on board gender diversity and gender research in accounting more generally. We conclude with some suggestions for future research.

scholarly journals Adherence to the Street Code Predicts an Earlier Anticipated Death

2019 ◽  
Vol 57 (2) ◽  
pp. 139-181 ◽  
Author(s):  
Kevin T. Wolff ◽  
Jonathan Intravia ◽  
Michael T. Baglivio ◽  
Alex R. Piquero
Keyword(s):  
Early Death ◽  
Future Research ◽  
Delinquent Youth ◽  
Short Life Span ◽  
Regression Techniques ◽  
Race Ethnicity ◽  
And Gender ◽  
Using Data ◽  
Ethnicity And Gender ◽  
The Relationship

Objectives: Criminologists have long been interested in the relationship between subcultural attitudes and antisocial behavior, with Anderson’s street code thesis being the most recent and often researched foray in this area. Relatedly, scholars have begun to investigate the risk factors associated with the anticipation of early death. Extant research, however, has yet to empirically test Anderson’s hypothesis that subscription to the street code is predictive of an anticipated early death. This study contributes to the literatures on the street code as well as fatalism by investigating the link between these two constructs. Methods: Using data from a sample of serious youthful offenders, we examine whether street code values are related to the anticipation of a short life span using a number of multivariate regression techniques controlling for a range of individual- and community-level variables. Results: Results show adherence to the street code is significantly associated with an anticipated early death among the sample of delinquent youth. Further, the relationship between street code and anticipated early death holds across race/ethnicity and gender, and results are not sensitive to the measurement of an anticipated early death. Findings from the current research are discussed, along with implications for policy and future research.

scholarly journals GENDER DIVERSITY IN LEADERSHIP AND FIRM PERFORMANCE: EVIDENCE FROM THE CZECH REPUBLIC

2020 ◽  
Vol 0 (0) ◽  
pp. 1-25
Author(s):  
Veronika Hedija ◽  
Daniel Němec
Keyword(s):  
Czech Republic ◽  
Firm Performance ◽  
Gender Diversity ◽  
Gender Composition ◽  
Financial Health ◽  
The Czech Republic ◽  
Leverage Ratio ◽  
And Gender ◽  
The Relationship ◽  
Executive Body

The paper examines the effect of gender composition of executive body on financial performance and financial health of the firms. The data of more than thousand Czech travel agencies and tour operators for the period 2008–2015 was employed in the paper. To test the relationship between firm performance and gender diversity in leadership, the regression model was applied. After using alternative measurement for gender diversity of executive body and controlling for firm size, firm age, executive body size, leverage ratio and industry, the results have shown that the gender composition of executive body has no statistically significant effect on both firm performance and financial health of firms. The study deepens empirical knowledge about the relationship between gender diversity of executive body and corporate performance and financial health and brings new insights into the link between these phenomena in the Czech Republic.

scholarly journals Executives' pay–performance link in China: evidence from independent and gender-diverse compensation committees

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Usman ◽  
Muhammad Abubakkar Siddique ◽  
Muhammad Abdul Majid Makki ◽  
Ammar Ali Gull ◽  
Ali Dardour ◽  
...  
Keyword(s):  
Firm Performance ◽  
Gender Diversity ◽  
Least Square ◽  
Content Type ◽  
Compensation Committee ◽  
Top Managers ◽  
Gender Diverse ◽  
Regulatory Bodies ◽  
And Gender ◽  
The Relationship

PurposeIn this paper, the authors investigate whether an independent and gender-diverse compensation committee strengthens the relationship between top managers' pay and firm performance in Chinese companies. The authors also investigate whether the independent compensation committee composed of all male directors is effective in designing the optimal contract for executives.Design/methodology/approachThe authors use data from A-share listed companies on the Shenzhen and Shanghai stock exchanges from 2005 to 2015. As a baseline methodology, the authors use pooled ordinary least square (OLS) regression to draw inferences. In addition, cluster OLS regression, two-stage least square regression, the two-stage Heckman test and the propensity score matching method are also used to control for endogeneity issues.FindingsThe authors find evidence that an independent or gender-diverse compensation committee strengthens the link between top managers' pay and firm performance; that the presence of a woman on the compensation committee enhances the positive influence of committee independence on this relationship; that a compensation committee's independence or gender diversity is more effective in designing top managers' compensation in legal-person-controlled firms than they are in state-controlled firms; that gender diversity on the compensation committee is negatively associated with top managers' total pay; and that an independent compensation committee pays top managers more.Practical implicationsThe study results highlight the role of an independent compensation committee in designing optimal contracts for top managers. The authors provide empirical evidence that a woman on the compensation committee strengthens its objectivity in determining top managers' compensation. The study finding supports regulatory bodies' recommendations regarding independent and women directors.Social implicationsThe study findings contribute to the recent debate about gender equality around the globe. Given the discrimination against women, many regulatory bodies mandate a quota for women on corporate boards. The study findings support the regulatory bodies' recommendations by highlighting the economic benefit of having women in top management positions.Originality/valueThis study contributes to literature by investigating the largely overlooked questions of whether having a gender-diverse or independent compensation committee strengthens the relationship between top managers' pay and firm performance; whether an independent compensation committee is more efficient in setting executives' pay when it is gender-diverse; and whether the effect of independent directors and female directors on top managers' compensation varies based on the firm's ownership structure. Overall, the main contribution of the study is that the authors provide robust empirical evidence in support of the managerial power axiom.

Understanding scientific collaboration: Diversity of collaborators and sequences in publication bylines

2020 ◽  
Author(s):  
Zaida Chinchilla-Rodríguez
Keyword(s):  
Scientific Collaboration ◽  
Collaborative Work ◽  
Gender Diversity ◽  
Career Stages ◽  
Future Research ◽  
Scientific Career ◽  
Scientific Publications ◽  
Before And After ◽  
And Gender ◽  
The Relationship

Comparing distinct dimensions of diversity and author order in publications could improve the understanding of collaborative work and help to identify opportunities for and risks of evaluation of collaborative work in different scientific career stages. Thus, the aim of this paper is to better understand the contextual dynamics of evaluating collaborative work by investigating the relationship between the sequence of authors in the publication bylines and the diversity of their collaborators. The diversity of collaborators is quantified with three separate dimensions, namely topic, impact, and gender diversities. Using the ArnetMiner dataset containing ACM-indexed publications in computer science, we find that the following three patterns relate to higher-impact scientific publications: (1) greater (less) topic diversity of collaborators plus more (less) tendency to work as first or last authors; (2) less (greater) impact diversity of collaborators plus more (less) tendency to work as first authors; and (3) greater gender diversity of collaborators plus more tendency to work as last authors. We also detect different patterns of authors’ first-, middle-, last-authored publications before and after their Ph.D. graduation and find that there are some differences for topic and impact diversities but not many differences for gender diversity in terms of Ph.D. students and researchers in their later stages of careers. Some implications are described, and a brief description of the limitations and future research are provided.

Women directors and performance: evidence from Malaysia

2019 ◽  
Vol 38 (8) ◽  
pp. 841-856 ◽  
Author(s):  
Kwee Pheng Lim ◽  
Chun-Teck Lye ◽  
Yee Yen Yuen ◽  
Wendy Ming Yen Teoh
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Gender Diversity ◽  
Listed Companies ◽  
Women Directors ◽  
Content Type ◽  
Developed Economies ◽  
And Gender ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to examine the relationship between women on board and the financial performance of Malaysian listed companies. Design/methodology/approach Panel generalised method of moments (GMM) analysis was used over 928 public-listed companies listed on the Malaysian Stock Exchange from 2010 to 2016. GMM overcomes the problem of endogeneity and simultaneity bias. The dependent variable was firm performance, measured by Tobin’s Q. The explanatory variable was gender diversity, proxied by the percentage of women on board, the presence of women and gender heterogeneity indices, Blau and Shannon indices. Findings More gender diversification leads to declining firm performance possibly due to issues of tokenism and gender stereotypes. Research limitations/implications Further studies should look into the impact of various types of ownership structures on firm value and also by sectors. Practical implications As women represent half the population in Malaysia, more positive affirmative policies must be introduced to enhance their contributions to society. Social implications As women progress in society, their contributions towards nation building will be significant. Women not only play a nurturing role, but also can shape the destiny of a country. Originality/value Studies on the relationship between board gender diversity and financial performance have been conducted in the context of a few developed economies. This study contributes to the literature by examining such an issue in a developing economy that has a different environment from that of developed economies.

scholarly journals Covid-19 and performance disclosure: does governance matter?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mahmoud Elmarzouky ◽  
Khaldoon Albitar ◽  
Khaled Hussainey
Keyword(s):  
Firm Performance ◽  
Gender Diversity ◽  
Annual Reports ◽  
Board Independence ◽  
Board Size ◽  
Content Type ◽  
Related Information ◽  
And Performance ◽  
And Gender ◽  
The Relationship

Purpose This paper aims to investigate whether Covid-19 related information is associated with a higher level of performance disclosure in the annual reports. Furthermore, it examines the moderating effect of corporate governance on the relationship between Covid-19 and the performance disclosure by using three governance mechanisms: board size, board independence and gender diversity. Design/methodology/approach The authors use quantitative content analysis. The authors applied an automated textual analysis technique to measure the level of Covid-19 information and performance disclosure for the UK Financial Times Stock Exchange all-share non-financial firms. Findings The authors found a significant positive relationship between the Covid-19 disclosure and the firm performance disclosure in the annual reports. The authors also find that both board independence and gender diversity moderate the relationship between the Covid-19 related information and the level of performance disclosure in the annual reports. The authors further run a robustness analysis, which confirms the main results. Practical implications The finding is beneficial for the regulatory setters to better understand whether firms provide generic or meaningful Covid-19 information linked to the firm’s performance. The unique findings of this paper are relevant to regulators, governments, management, shareholders and academics. Originality/value The authors contribute to the literature in a unique and core research area not researched previously. The paper links the Covid-19 disclosure with the firm performance from the corporate narrative perspective. The paper underlines governance factors as a moderating role in this relationship by considering three main mechanisms: board size, board independence and gender diversity.

scholarly journals Elucidating the Relationship Between Insomnia, Sex, and Cardiovascular Disease

2020 ◽  
Vol 4 ◽  
pp. 247028972098001
Author(s):  
Rebecca Leeds ◽  
Ari Shechter ◽  
Carmela Alcantara ◽  
Brooke Aggarwal ◽  
John Usseglio ◽  
...  
Keyword(s):  
Cardiovascular Disease ◽  
Sex Differences ◽  
Cardiovascular Health ◽  
Future Research ◽  
Sex And Gender ◽  
Men And Women ◽  
Sex Research ◽  
And Gender ◽  
The Relationship ◽  
Cvd Mortality

Sex differences in cardiovascular disease (CVD) mortality have been attributed to differences in pathophysiology between men and women and to disparities in CVD management that disproportionately affect women compared to men. Similarly, there has been investigation of differences in the prevalence and presentation of insomnia attributable to sex. Few studies have examined how sex and insomnia interact to influence CVD outcomes, however. In this review, we summarize the literature on sex-specific differences in the prevalence and presentation of insomnia as well as existing research regarding the relationship between insomnia and CVD outcomes as it pertains to sex. Research to date indicate that women are more likely to have insomnia than men, and there appear to be differential associations in the relation between insomnia and CVD by sex. We posit potential mechanisms of the relationship between sex, insomnia and CVD, discuss gaps in the existing literature, and provide commentary on future research needed in this area. Unraveling the complex relations between sex, insomnia, and CVD may help to explain sex-specific differences in CVD, and identify sex-specific strategies for promotion of cardiovascular health. Throughout this review, terms “men” and “women” are used as they are in the source literature, which does not differentiate between sex and gender. The implications of this are also discussed.

Sign in / Sign up

Export Citation Format

Share Document