Board gender diversity and firm performance: The UK evidence
This article examines the relationship between gender diversity, selected female attributes, and financial performance of FTSE 100 firms in the UK. Drawing on critical mass theory by measuring gender diversity as levels of female representation in the boardroom, this study finds a positive and signi...
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| Veröffentlicht in: | International journal of finance and economics 2021-10, Vol.26 (4), p.5704-5719 |
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| container_end_page | 5719 |
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| container_issue | 4 |
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| container_title | International journal of finance and economics |
| container_volume | 26 |
| creator | Brahma, Sanjukta Nwafor, Chioma Boateng, Agyenim |
| description | This article examines the relationship between gender diversity, selected female attributes, and financial performance of FTSE 100 firms in the UK. Drawing on critical mass theory by measuring gender diversity as levels of female representation in the boardroom, this study finds a positive and significant relationship between gender diversity and firm performance. However, the results become highly significant and unequivocal when three or more females are appointed to the board compared to the appointment of two or less females. Further analysis reveals that post‐appointment financial performance is positively related to female age, level of education and where female board members also hold executive director positions. The results remain unchanged after accounting for endogeneity concerns and employing alternative measures of firm performance, namely, return on assets and Tobin's Q. |
| doi_str_mv | 10.1002/ijfe.2089 |
| format | Article |
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Drawing on critical mass theory by measuring gender diversity as levels of female representation in the boardroom, this study finds a positive and significant relationship between gender diversity and firm performance. However, the results become highly significant and unequivocal when three or more females are appointed to the board compared to the appointment of two or less females. Further analysis reveals that post‐appointment financial performance is positively related to female age, level of education and where female board members also hold executive director positions. 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| ispartof | International journal of finance and economics, 2021-10, Vol.26 (4), p.5704-5719 |
| issn | 1076-9307 1099-1158 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Appointments & personnel changes Boards of directors Corporate governance director attributes female directors Females Financial performance firm performance Gender gender diversity |
| title | Board gender diversity and firm performance: The UK evidence |
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