scholarly journals Feminization of Boards and Cameroonian Public Enterprise Performance

2016 ◽  
Vol 11 (11) ◽  
pp. 237
Author(s):  
Désirée Ngomesse Njiké ◽  
Robert Wanda
Keyword(s):  
Logistic Regression ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Public Enterprise ◽  
Sociodemographic Characteristics ◽  
Enterprise Performance ◽  
Public Enterprises ◽  
Public Companies ◽  
The Past ◽  
The Impact

<p>If in the past few years, many authors seek to characterize the boards of directors in connection with performance proposing classifications based on sociodemographic characteristics of administrators, particularly in terms of  gender diversity, the results of previous studies show that connection between the feminization of the boards of directors and the performance of the company is not consensual. We then try to test the impact of the feminization of the boards of directors on the performance of the Cameroonian public enterprises.</p>We have formulated a probabilistic model which is tested from a logistic regression based on data from a sample size of 26 public companies in Cameroon over a period of 4 years (2009-2012). Our results demonstrate that Cameroon public enterprise performance cannot be attributed to the gender diversification resulting from their presence at the level of management.

Board gender diversity: performance and risk of Brazilian firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mauro Mastella ◽  
Daniel Vancin ◽  
Marcelo Perlin ◽  
Guilherme Kirch
Keyword(s):  
Firm Performance ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Ordinary Least Squares ◽  
Firm Risk ◽  
Content Type ◽  
Study Approach ◽  
Female Presence ◽  
Board Gender Diversity ◽  
The Impact

Purpose This study aims to intend to check if female board representation affects performance and risk and to analyse the evolution of the demographic aspects of the presence of women on boards in Brazil. Design/methodology/approach The authors used a sample of 150 Brazilian publicly traded companies from 2010–2018, with different measures of firm performance, firm risk and women’s presence on the board. The study approach is based on a set of ordinary least squares, quantile and panel data regressions. Findings The presence of women on the board has a positive effect on all of our accounting and market performance measures. However, the result of the impact on risk is not conclusive. The study also found that the number of females on the board has a more significant effect at the lower levels of firm performance measured by return on equity, but at the higher levels when measured by Tobin’s Q. Regarding return on assets, the more significant effect happened on the extremes of the performance distribution. The study findings point that market investors place more value in female presence on the board than in director positions. Originality/value By estimating the impact of women’s presence on the boards of directors in firm performance and risk, this study aimed to verify this impact in different aspects of the company. In addition, the authors did so in a sample with many years, making it possible to evaluate the historical evolution of the feminine presence in the boards of administration as well as in the groups of directors, assisting Brazilian legislators with new evidence about the possible impacts of Draft Law 7179/2017.

scholarly journals Public policy, public utility and citizens: The impact of privatization

2017 ◽  
Author(s):  
Μαντώ Λαμπροπούλου (Manto Lampropoulou)
Keyword(s):  
Public Utility ◽  
Network Industries ◽  
Public Enterprises ◽  
Economic Implications ◽  
The Past ◽  
Key Stakeholders ◽  
Post War ◽  
The Impact ◽  
The Relationship

Over the past two decades, utilities policy in Greece has been steadily shifting towards privatization and liberalization. This shift signified a critical reconsideration of the boundaries and the dynamics of the relationship between the state and the market in network industries. Public debate usually focuses on issues of ownership of public enterprises and economic performance. On the contrary, this book places the emphasis on the socio-economic implications of utilities policy for citizens. A key issue is the impact of privatization on the relationship between government (state), public enterprises (market) and citizens (society). The study covers the period from the post-war state monopolies to the current circumstances of mixed/private ownership of public enterprises and liberalized markets. The main questions addressed in this book are the following: What is the rationale (legitimization) for government intervention in the utilities sector? What are the politics of nationalization and privatization? How different policy contexts affect the institutional, organizational and regulatory framework of the utilities sector? Who are the key-stakeholders and policy actors? What is the role of citizens? What is the (re)distribution of utilities policy costs and benefits among stakeholders?

scholarly journals The representation and tenure of female principals in public enterprises in emerging markets: A protracted dearth?

2021 ◽  
Vol 10 (1) ◽  
pp. 58-73
Author(s):  
Ralph Marenga
Keyword(s):  
Emerging Market ◽  
Gender Diversity ◽  
Public Enterprise ◽  
Public Enterprises ◽  
Contributing Factors ◽  
Reduced Representation ◽  
Female Principals ◽  
The Public ◽  
Robust Implementation ◽  
Implementation Gaps

The reduced representation and tenure of women as public enterprise (PE) principals in Namibia as an emerging market and developing country are concerning (Mboti, 2014; Menges, 2020). The contributing factors are an element literature fails to address explicitly in the Namibian case. This paper, therefore, aims to consolidate evidence on whether the underrepresentation and limited tenures of female principals in Namibian PEs signal a protracted dearth of women in such positions. Methodically, a desk review is used to analyse the literature. Key findings of this paper identify the absence of top-down hands-on leadership; legal and policy implementation gaps; failure to declare gender diversity as imperative in the public sector; failure to focus on helping women gain broad line experience early on, among others, as contributing factors that have disadvantaged female principals in Namibian PEs. The challenges women face in being appointed or completing their tenure as PE principals over the years signal a protracted dearth of women in positions of PE principals in Namibia. Understanding these dynamics is relevant for enhancing Namibia’s policy efforts to curb the further proliferation of patriarchy as nuanced in the glass ceiling. This paper recommends the robust implementation of existing anti-patriarchy legislation.

scholarly journals Determinants of Intelligent Energy Implementation Towards Firm Performance: A Conceptual Framework Moderated by Board Gender Diversity and Board Sustainability Committee

2021 ◽  
Vol 9 (1) ◽  
pp. 59
Author(s):  
Dayana Mastura Baharudin ◽  
Maran Marimuthu
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Oil And Gas ◽  
Gender Diversity ◽  
Oil And Gas Industry ◽  
Listed Companies ◽  
Annual Reports ◽  
Board Gender Diversity ◽  
Code Of Corporate Governance ◽  
The Impact

This study examines the impact of Intelligent Energy assessed by seven criteria to be followed by Malaysia’s listed companies (PLCs), regulated by Bursa Malaysia which are regulated by the Malaysian Corporate Governance Code 2017 (MCCG 2017)—30 percent Women Boards of Directors as well as by the existence of the Board Sustainability Committee which have not been endorsed by the MCCG 2017. In order to explore the reporting of the seven criteria of intelligent energy amongst Malaysian oil and gas public listed companies, in terms of gender-based and sustainability-based, it follows the methodology of descriptive statistics, regression analysis and content analysis derived from previous studies and the analysis of annual reports and integrated reports. This research provides a thorough analysis of present study breakthroughs in the worldwide oil and gas industry’s Integrated Operations. The 30 percent moderation factor Female Board members, as per the Malaysian Code of Corporate Governance 2017 (MCCG, 2017), would be assessed to see whether having an increased representation of women would encourage the implementation of the seven criteria of Intelligent Energy, as well as the moderation factor of the Board Sustainability Committee, which has not yet been made recommended practice by MCCG 2017, would be a driving force towards intelligent energy within the Malaysian oil and gas industry. Other than the Malaysian oil and gas sector, the Intelligent Energy scoring index might be used to other oil and gas PLCs in the ASEAN area, such as Vietnam and Myanmar, which have growing oil and gas resources.

scholarly journals Corporate law, board practices and value creation: Spanish evidence

2019 ◽  
Vol 1 (2) ◽  
pp. 8-20
Author(s):  
Elena Merino ◽  
Montserrat Manzaneque
Keyword(s):  
Firm Performance ◽  
Boards Of Directors ◽  
Relevant Literature ◽  
Gender Diversity ◽  
Board Governance ◽  
Corporate Board ◽  
Strategic Design ◽  
The Board Of Directors ◽  
The Impact ◽  
The Relationship

Previous research suggests that boards of directors influence firm performance due to their role in activities such as strategic design and its implementation. From this perspective, many corporate governance researchers have tried to demonstrate empirically the impact of board characteristics on firm performance in different contexts. In this context, the objective of this work is to disclosure proven relationships between board governance variables and firm performance based on an analysis of relevant studies in Spain. Before a review of the relevant literature, we provide a legal overview of Spanish corporations and an analysis of corporate board practice in Spain (paying special attention to the composition of the boards of directors, the duality of the CEO and Chairman, gender diversity on boards and directors with multiple directorships). Following this, the analysis of the literature was carried out. The results show that in the majority of studies independent directors and CEO/Chairman duality have no relationship with firm performance. However, the proportion of women on the board of directors does show a positive relationship with firm performance. For the variable busy director, no conclusion can be established because the evidence found is scarce. We can conclude, therefore, that as a result of the inconclusive results as well as the scarcity of the study of some aspects for this field of study, further research on the relationship between the board and firm performance is necessary in the Spanish context.

scholarly journals Corporate governance impact on bank performance evidence from Europe

2016 ◽  
Vol 13 (4) ◽  
pp. 583-597 ◽  
Author(s):  
Salma Belhaj ◽  
Cesario Mateus
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
European Countries ◽  
Bank Performance ◽  
Board Composition ◽  
Board Size ◽  
Ceo Duality ◽  
European Bank ◽  
The Impact

This paper investigates the impact of corporate governance on European bank performance during the period 2002-2011. Using a sample of 73 banks from 11 European countries, we examine the relationship between corporate governance measures more specifically the board size and composition, the gender diversity and the CEO duality on the European bank performance. During the period 2002-2011, our results show that the board size and the gender diversity have a positive and significant impact on bank performance. Large board of directors with more female members led to better bank performance, whereas, the board composition and the CEO duality have no significant effect in explaining the bank performance for the European countries. During the global financial crisis, our findings show that the board size and the board composition are negatively and significantly correlated to the bank performance. Smaller boards of directors with less number of independent (non-executive) directors have outperformed the ones with larger boards and more independent directors during the crisis. However, the gender diversity and the CEO duality have no significant impact on the European bank performance.

scholarly journals Does Board Gender Diversity Affects Dividend Payout? Evidence from a review of literature

2020 ◽  
Vol 5 (16) ◽  
pp. 19-34
Author(s):  
Emma Anuar ◽  
Rozainun Abdul Aziz ◽  
Maslinawati Mohamad ◽  
Rugayah Hashim
Keyword(s):  
Gender Discrimination ◽  
Boards Of Directors ◽  
Publishing House ◽  
Gender Diversity ◽  
Board Composition ◽  
Corporate Boards ◽  
Women Directors ◽  
Dividend Payout ◽  
Board Gender Diversity ◽  
The Impact

The objective of this paper is to review the literature on how board gender diversity impacts dividend payout among public listed companies in Malaysia. Traditionally, higher-level management positions are held by men. Leadership and decision making are predominantly male, while the minority are women directors. When corporate boards show diversity, there is a significant presence of women or the addition of women to the board. In the past, present, and indeed the future, board gender diversity is the issue that is a growing trend and is getting more attention. The shareholders and investors are putting pressure on the boards of directors’ to show increased performance. The findings from this paper will provide evidence on whether board gender diversity influences the dividend payout. Board composition without gender discrimination is the new normal for corporations to thrive after the global lockdowns from Covid-19. Other relevant matters on the impact of board gender diversity will also be discussed.Keywords: board gender diversity; board characteristics; board composition; board traits; female directors; dividend payout; MalaysiaeISSN: 2514-7528 © 2020 The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open-access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/jabs.v5i16.350

scholarly journals Distributional Impact of Public Enterprise Labour Policies in Pakistan

1994 ◽  
Vol 33 (4II) ◽  
pp. 1399-1414
Author(s):  
Zareen Fatima Naqvi
Keyword(s):  
Computable General Equilibrium ◽  
Model Simulation ◽  
Public Enterprise ◽  
Public Enterprises ◽  
Size Of Government ◽  
The Public ◽  
Model Section ◽  
The Government ◽  
Private Domain ◽  
The Impact

Employment generation has been one of the goals of creating or maintaining government -owned enterprises in the past. In fulfilling this role public enterprises often played the role of the model employer see Lakshman (1984). In the current policy atmosphere both domestically and internationally, there is a trend to limit the size of government intervention in the economy. In Pakistan the privatisation of industrial units and the planned divestiture of infrastructural units like Water and Power Development Authority (W APDA), Karachi Electric Supply Corporation (KESe) and Pakistan Telecommunication Corporation (PTe) is changing the mix of public-private domain in economic activity. What would be the impact of labour retrenchment in the former public enterprises? Estimates show that there has been a 42 percent reduction in employment in the recently privatised units [Naqvi (1994»). If the government reduces the public sector workforce and cuts back the liberal remuneration package to public employees, which groups would benefit from such a move? These questions have been analysed in the context of a computable general equilibrium (CGE) model. Section 2 describes the model. This is followed by a brief discussion of the data. Model simulation results are discussed in Section 4 and the conclusions are presented in Section 5. The Appendix contains the equations referred to in the text.

The Chinese banks’ directors and their risk-taking behavior

2016 ◽  
Vol 10 (2) ◽  
pp. 291-311 ◽  
Author(s):  
Sok-Gee Chan ◽  
Eric H.Y. Koh ◽  
Mohd Zaini Abd Karim
Keyword(s):  
Risk Taking ◽  
Commercial Banks ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Content Type ◽  
Regulatory Policies ◽  
Wide Range ◽  
Risk Taking Behavior ◽  
The Impact ◽  
Chinese Banking

Purpose The purpose of this paper is to examine the impact of the directors’ socioeconomic backgrounds on the risk-taking behavior of the listed commercial banks in China. Design/methodology/approach The generalized least square method and Arellano and Bover’s (1995) generalized method of moment were used to study the relationship between the directors’ socioeconomic backgrounds and bank risk-taking behavior. The sample studied consists of 16 listed commercial banks in China from 2003 to 2011. Findings It was found that smaller board sizes and higher percentage of independent directors contribute to lower risk-taking. The results also indicate that banks are better off with boards that have gender diversity, government affiliation and higher average age because they enhance problem-solving and market insights facilitate adherence to government or regulatory policies and help reduce the banks’ risks. Research limitations/implications Future studies may consider including non-public-listed banks, pre-2003 data and analyses of the agencies to which the government-affiliated directors are or were attached. Practical implications The paper suggests that corporate governance reform initiatives with closely monitored implementation and phased liberalization contributed toward the banking industry’s resilience. Implications for management include that boards of directors with better quality, sufficient independence, gender diversity, government affiliation and maturity will help reduce risks. Social implications This study may facilitate the decision-making for the bank management and policymakers on the selection of best directors in the Chinese banking sector. The Chinese banking system serves as a plausible role model for consideration, given that four of its banks have now leapfrogged to be among the top ten largest banking institutions after the global financial crisis. Originality/value The study covers a wide range of socioeconomic backgrounds of the board of directors which are crucial in influencing the behavior of the board in banking operations.

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