Impact of Gender Diversity on Indian Firm’s Financial Performance
Gender diversity has tremendously gained attention in the corporate world both among policy makers and researchers. This is because it has been believed that gender diverse board brings different perspectives of idea to the board which enhances the firm financial performance. The purpose of this res...
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2018-05-01
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| Series: | International Journal of Management, Accounting and Economics |
| Subjects: | |
| Online Access: | https://www.ijmae.com/article_114782_1706ce9bdc91a998791ec6379ade8373.pdf |
| _version_ | 1797690340063313920 |
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| author | Racheal Dankwano Zubair Hassan |
| author_facet | Racheal Dankwano Zubair Hassan |
| author_sort | Racheal Dankwano |
| collection | DOAJ |
| description | Gender diversity has tremendously gained attention in the corporate world both among policy makers and researchers. This is because it has been believed that gender diverse board brings different perspectives of idea to the board which enhances the firm financial performance. The purpose of this research is to examine the impact of gender diversity on Indian firm’s financial performance. The research has been carried out on 21 female dominated companies (having more than 10% female director’s) and 21 male dominated companies (having less than 10% female directors) listed on Bombay Stock Exchange (BSE) with total population of 220 companies spread across different industry segment from both public and private sectors. This research employed cross-sectional data for a period of 2017 and used stratified proportionate random sampling technique. The dependent variable firm financial performance adopted by the study used accounting base-return which is measure by Return on asset (ROA) and Return on equity (ROE). This study adopted an explanatory research design and secondary data was collected and analyzed through independent samples test and Group statistics using SPSS software. This research found that increasing number of female directors has a negative significant impact on ROA. Additionally, the study found increasing number of female directors has a positive significant impact on ROE. This research is limited in relying on cross-sectional data. It was recommended that future researchers should consider using longitudinal data and also investigate other variables that were not included in this study such as female CEO, women age, educational qualification of the female directors, Return on sales and net profit margin. |
| first_indexed | 2024-03-12T01:59:15Z |
| format | Article |
| id | doaj.art-62abe9f219fa426f94c3ae8925bb5aad |
| institution | Directory Open Access Journal |
| issn | 2383-2126 |
| language | English |
| last_indexed | 2024-03-12T01:59:15Z |
| publishDate | 2018-05-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj.art-62abe9f219fa426f94c3ae8925bb5aad2023-09-07T21:51:04ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262018-05-0155319341114782Impact of Gender Diversity on Indian Firm’s Financial PerformanceRacheal Dankwano0Zubair Hassan1Alumni, Lords Ashcroft International Business School, Anglia Ruskin University, UKPhD Scholar, Faculty of Economics and Management Sciences, International Islamic University, MalaysiaGender diversity has tremendously gained attention in the corporate world both among policy makers and researchers. This is because it has been believed that gender diverse board brings different perspectives of idea to the board which enhances the firm financial performance. The purpose of this research is to examine the impact of gender diversity on Indian firm’s financial performance. The research has been carried out on 21 female dominated companies (having more than 10% female director’s) and 21 male dominated companies (having less than 10% female directors) listed on Bombay Stock Exchange (BSE) with total population of 220 companies spread across different industry segment from both public and private sectors. This research employed cross-sectional data for a period of 2017 and used stratified proportionate random sampling technique. The dependent variable firm financial performance adopted by the study used accounting base-return which is measure by Return on asset (ROA) and Return on equity (ROE). This study adopted an explanatory research design and secondary data was collected and analyzed through independent samples test and Group statistics using SPSS software. This research found that increasing number of female directors has a negative significant impact on ROA. Additionally, the study found increasing number of female directors has a positive significant impact on ROE. This research is limited in relying on cross-sectional data. It was recommended that future researchers should consider using longitudinal data and also investigate other variables that were not included in this study such as female CEO, women age, educational qualification of the female directors, Return on sales and net profit margin.https://www.ijmae.com/article_114782_1706ce9bdc91a998791ec6379ade8373.pdfgender diversitynumber of female directorsroaroe |
| spellingShingle | Racheal Dankwano Zubair Hassan Impact of Gender Diversity on Indian Firm’s Financial Performance International Journal of Management, Accounting and Economics gender diversity number of female directors roa roe |
| title | Impact of Gender Diversity on Indian Firm’s Financial Performance |
| title_full | Impact of Gender Diversity on Indian Firm’s Financial Performance |
| title_fullStr | Impact of Gender Diversity on Indian Firm’s Financial Performance |
| title_full_unstemmed | Impact of Gender Diversity on Indian Firm’s Financial Performance |
| title_short | Impact of Gender Diversity on Indian Firm’s Financial Performance |
| title_sort | impact of gender diversity on indian firm s financial performance |
| topic | gender diversity number of female directors roa roe |
| url | https://www.ijmae.com/article_114782_1706ce9bdc91a998791ec6379ade8373.pdf |
| work_keys_str_mv | AT rachealdankwano impactofgenderdiversityonindianfirmsfinancialperformance AT zubairhassan impactofgenderdiversityonindianfirmsfinancialperformance |