The DOI matches its Crossref record; 78 of the 78 references it cites were found in a registry or an index.
Board gender diversity and firm performance: The UK evidence
Open accessAbstract
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.
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Cites
Theory of the firm: Managerial behavior, agency costs and ownership structure
Jensen, M. C., & Meckling, W. H. (1976) · Journal of Financial Economics · doi:10.1016/0304-405x(76)90026-x · Cited by 71,491
Initial conditions and moment restrictions in dynamic panel data models
Blundell, R., & Bond, S. (1998) · Journal of Econometrics · doi:10.1016/s0304-4076(98)00009-8 · Cited by 22,571
Another look at the instrumental variable estimation of error-components models
Arellano, M., & Bover, O. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01642-d · Cited by 19,880
Upper Echelons: The Organization as a Reflection of Its Top Managers
Hambrick, D. C., & Mason, P. A. (1984) · The Academy of Management Review · doi:10.5465/amr.1984.4277628 · Cited by 10,220
The External Control of Organizations: A Resource Dependence Perspective
Reitz, H. J., Pfeffer, J., & Salancik, G. R. (1979) · The Academy of Management Review · doi:10.2307/257794 · Cited by 9,172
Higher market valuation of companies with a small board of directors
Yermack, D. (1996) · Journal of Financial Economics · doi:10.1016/0304-405x(95)00844-5 · Cited by 6,603
Men and Women of the Corporation
Devanna, M. A. (1978) · The Journal of Applied Behavioral Science · doi:10.1177/002188637801400208 · Cited by 6,354
Women in the boardroom and their impact on governance and performance☆
Adams, R. B., & Ferreira, D. (2009) · Journal of Financial Economics · doi:10.1016/j.jfineco.2008.10.007 · Cited by 5,711
Agency Problems and Residual Claims
Fama, E. F., & Jensen, M. C. (1983) · The Journal of Law and Economics · doi:10.1086/467038 · Cited by 4,827
Corporate Governance, Board Diversity, and Firm Value
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Metadata
- Authors
- Brahma, S., Nwafor, C., & Boateng, A.
- Venue
- International Journal of Finance & Economics
- Publisher
- Wiley
- Published
- 2020-07-19
- Volume
- 26
- Issue
- 4
- Pages
- 5704-5719
- ISSN
- 1076-9307 (ISSN-L)
- 1099-1158
- OpenAlex
- W3039234436
- Cited by
- 473
- References
- 78
- FWCI
- 61.91
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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