Title: To what extent does gender diversity on a board of a company listed on the S&P 100 and FTSE 100 affect the firm’s performance : a comparative study
Abstract:Gender diversity on the corporate board has become a major topic in corporate governance also due to society, the government and academic research. Because there are a lot of theoretical arguments tha...Gender diversity on the corporate board has become a major topic in corporate governance also due to society, the government and academic research. Because there are a lot of theoretical arguments that support that female directors improve the companies’ performance, there are inconsistent empirical conclusion in recent research. Especially in European countries differ the empirical findings, while in US studies the findings appear to be consistent. This paper uses and compares data from listed companies on the S&P 100 and FTSE 100 in 2013. A two-stage least-square (2SLS) estimation will be applied to test if there is a positive impact of female directors on corporate performance. The sample shows that every company has at least one female director on the board. However the findings imply that there is no impact of gender diversity on corporate performance in that sample. It can be argued that there is no impact regardless of the geographically location of the company. This paper gives some suggestions for future research for this emerging topic.Read More
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: dissertation
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