Regulatory Mandates and Gender Diversity in Corporate Boards: The Family Firm Effect

2021 ◽  
Vol 2021 (1) ◽  
pp. 14056
Author(s):  
Raveendra Chittoor ◽  
Nupur Pavan Bang ◽  
Ramachandran Kavil
Keyword(s):  
Gender Diversity ◽  
Family Firm ◽  
Corporate Boards ◽  
The Family ◽  
Regulatory Mandates ◽  
And Gender ◽  
Firm Effect

Independent board, gender diversity and bank performance in Nigeria: a system-GMM approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chinwe Okoyeuzu ◽  
Augustine Ujunwa ◽  
Angela Ifeanyi Ujunwa ◽  
Emmanuel Onyebuchi Onah
Keyword(s):  
Gender Diversity ◽  
Bank Performance ◽  
Board Independence ◽  
Annual Data ◽  
Corporate Boards ◽  
Female Representation ◽  
Content Type ◽  
And Gender ◽  
Board Gender Diversity ◽  
Negative Predictor

Purpose This study aims to examine the effects of board independence and gender diversity on bank performance in Nigeria. Design/methodology/approach The two-step system-generalized method moment was used to estimate the effect of board independence and gender diversity on bank performance in Nigeria using annual data of 15 deposit money banks from 2006 to 2018. Findings The results revealed that gender diversity is a significant positive predictor of bank performance, whereas board independence is a negative predictor of bank performance in Nigeria. Practical implications Despite the significant positive relationship between gender diversity and bank performance, this paper does not recommend mandatory quota-based initiates of female representation on corporate boards because of the increasing number of female representations on corporate boards of banks in Nigeria. Originality/value The study contributes to corporate governance literature from developing country perspective and policy, particularly, on the relevance or otherwise of market-based measures in assessing bank performance in developing counties. This paper finds that market-based variables are not good measures of firm performance in economies with underdeveloped markets.

Executive directors' pay-performance link and board diversity: evidence from high free cash flow and low-growth firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chwee Ming Tee
Keyword(s):  
Cash Flow ◽  
Least Squares Method ◽  
Gender Diversity ◽  
Free Cash Flow ◽  
Executive Directors ◽  
Corporate Boards ◽  
Board Diversity ◽  
Content Type ◽  
Growth Firms ◽  
And Gender

PurposeThe purpose of this study is to examine whether board diversity can attenuate weaker executive directors' pay-performance link in high free cash flow and low-growth firms (HFCF_LGRW).Design/methodology/approachThis study employed the Malaysian dataset from 2005 till 2016 and the fixed-effect model to investigate the developed hypotheses. The two-stage least squares method (2SLS) is employed to mitigate endogeneity issues.FindingsThis study finds that a positive association between executive directors' pay and firm performance is weaker in HFCF_LGRW firms. However, board diversity, namely ethnic and gender diversity, can mitigate weaker executive directors' pay-performance link, indicating effective monitoring.Originality/valueThis study is among the first to reveal that executive directors' pay-performance link is weaker in firms with HFCF_LGRW growth, consistent with Jensen's (1986) free cash flow hypothesis. However, findings suggest that this agency problem in HFCF_LGRW firms is attenuated by board diversity, namely ethnic and gender diversity. This supports the notion that diversity in corporate boards serves as an effective internal monitor.

scholarly journals Bringing Women on Board? Family Policies, Quotas and Gender Diversity in Top Jobs

2020 ◽  
pp. 095001702097122
Author(s):  
Helen Kowalewska
Keyword(s):  
Welfare State ◽  
Family Policy ◽  
Critical Mass ◽  
Gender Diversity ◽  
Qualitative Comparative Analysis ◽  
Corporate Boards ◽  
Family Policies ◽  
Women On Boards ◽  
And Gender ◽  
State Interventions

An influential body of work has identified a ‘welfare-state paradox’: work–family policies that bring women into the workforce also undermine women’s access to the top jobs. Missing from this literature is a consideration of how welfare-state interventions impact on women’s representation at the board-level specifically, rather than managerial and lucrative positions more generally. This article contributes to addressing this ‘gap’. A fuzzy-set Qualitative Comparative Analysis of 22 industrialised countries reveals how welfare-state interventions combine with gender boardroom quotas and targets in (not) bringing a ‘critical mass’ of women onto private-sector corporate boards. Overall, the analysis finds limited evidence in support of a welfare-state paradox; in fact, countries are unlikely to achieve a critical mass of women on boards in the absence of adequate childcare services. The results further suggest that ‘hard’, mandatory gender boardroom quotas are not necessary for achieving more women on boards; ‘soft’, voluntary recommendations can also work under certain family policy constellations.

scholarly journals Gender issues in family business research: A bibliometric scoping review

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Minh-Hoang Nguyen ◽  
Huyen Thanh Thanh Nguyen ◽  
Tam-Tri Le ◽  
Anh-Phuong Luong ◽  
Quan-Hoang Vuong
Keyword(s):  
Family Business ◽  
Gender Diversity ◽  
Gender Issues ◽  
Business Research ◽  
Corporate Board ◽  
Major Research ◽  
Content Type ◽  
The Family ◽  
Challenges And Opportunities ◽  
And Gender

PurposeThe current review aims to examine the growth trajectory, most influential documents, intellectual and conceptual structure of the literature regarding gender issues in family business research.Design/methodology/approachThe bibliometric analysis was performed using 224 documents from 1991 to 2020 extracted from the Web of Science database.FindingsThe review finds that this field's knowledge grew exponentially during the last three decades, mainly after 2003 and the last several years. Based on the co-citation analysis, three major research lines are identified: “Women's challenges and opportunities in the family business”, “Gender diversity in the family business corporate board”, and “Gender and family SMEs management.” The temporal co-word analysis reveals that “Gender diversity in the family business corporate board” is the latest research line.Originality/valueBy reviewing prominent cited references and documents that cited them, the authors provide the landscapes and research gaps of three major research lines for further development.

scholarly journals Gender-diverse boards get better performance on mergers and acquisitions

2020 ◽  
Vol 17 (4, Special Issue) ◽  
pp. 222-233 ◽  
Author(s):  
Nivo Ravaonorohanta
Keyword(s):  
Gender Diversity ◽  
Value Added ◽  
Corporate Boards ◽  
Representation Of Women ◽  
Female Directors ◽  
Gender Diverse ◽  
Women On Boards ◽  
And Gender ◽  
Board Gender Diversity ◽  
Executive Teams

In recent years, the composition of boards, particularly the appointment of female directors to the boardroom has attracted significant political and social debate. Despite several studies that have examined links between the representation of women on boards and the corporate performance, research on the board gender diversity in merger contexts is limited. We assess whether the presence of women on corporate boards affects merger and acquisition (M&A) performance. Using acquisition bids by public Canadian companies during 2012-2017, we find that an increasing number of female directors in acquiring companies is associated with an enhanced merger performance and a reduced bid premium. After controlling for gender diversity on executive teams, the value added by having women on boards is particularly noticeable when acquiring firms have few women in the executive teams, and where overconfidence is prevalent. Thus, there is a substitutive relation between gender diversity on the board and gender diversity on the executive team.

scholarly journals Mapping the intellectual and conceptual structure of research on gender issues in the family business: A bibliometric review

2020 ◽  
Author(s):  
Quan-Hoang Vuong ◽  
Nguyen Thanh Thanh Huyen ◽  
Thanh-Hang Pham ◽  
Luong Anh Phuong ◽  
Minh-Hoang Nguyen
Keyword(s):  
Family Business ◽  
Gender Diversity ◽  
Gender Issues ◽  
Conceptual Structure ◽  
Corporate Board ◽  
The Family ◽  
Challenges And Opportunities ◽  
Family Smes ◽  
Bibliometric Review ◽  
And Gender

The current review, employing the bibliometric analysis of 224 documents extracted from the Web of Science database, aims to examine the growth trajectory, most influential documents, intellectual and conceptual structure of the literature regarding gender issues in family business research. The review identifies three major research lines: "Women’s challenges and opportunities in the family business", "Gender diversity in the family business corporate board", and "Gender and family SMEs management". By reviewing prominent cited references and documents which cited them in each research line, we provide the landscapes and research gaps of three major lines of research for further development.

Nationality and Gender Diversity on Swiss Corporate Boards

2007 ◽  
Vol 15 (4) ◽  
pp. 546-557 ◽  
Author(s):  
Winfried Ruigrok ◽  
Simon Peck ◽  
Sabina Tacheva
Keyword(s):  
Gender Diversity ◽  
Corporate Boards ◽  
And Gender

Board of directors characteristics and performance in family firms and under the crisis

2018 ◽  
Vol 18 (1) ◽  
pp. 119-142 ◽  
Author(s):  
Elisabete Simões Vieira
Keyword(s):  
Board Of Directors ◽  
Family Firms ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Family Firm ◽  
Family Businesses ◽  
Content Type ◽  
The Board Of Directors ◽  
And Performance ◽  
And Gender

Purpose This paper aims to examine the relationship between board of directors’ characteristics and performance in family businesses. It offers evidence to the question of whether a family firm (FF) differs from a non-family firm and looks at the possibility of asymmetrical effects between periods of stability and economic adversity. Design/methodology/approach A panel data approach was applied to a sample of Portuguese firms listed the on Euronext Lisbon exchange between 2002 and 2013. Findings The results show that FFs are likely to have a lower proportion of independent members and higher gender diversity on their boards than non-family firms. FF performance is positively related to ownership concentration and gender diversity. There are performance premiums for family businesses, which have more gender diversity than their counterparts. These effects also depend on whether the economy is in recession. The evidence suggests that the presence of women on the board and the leverage and size of the FFs have a more significant impact on the performance in periods of economic adversity. Research limitations/implications One limitation of this study is the small size of the sample as it was drawn from the Euronext Lisbon exchange, a small stock exchange market. Originality/value This study provides input into the academic discussion on corporate governance and FF, an area which is in need of research. In addition, the authors examine this issue in conjunction with generalised economic adversity, focusing on the possible asymmetrical effects that the nature of the board of directors may have on performance in periods of stability and those of economic adversity. The role of board of directors is crucial to the understanding of corporate behaviour and the setting of the policy that regulates corporate activities.

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