Women in Top Management: Performance of Firms and Open Innovation
The lack of women’s presence in firms’ top management positions reflects gender equity problems, especially in South Asia, including Pakistan, and contours a firm’s financial behavior. Based on the underpinning of the conceptual framework developed by a combination of fourteen femininity theories, t...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2021-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/7/1/87 |
| _version_ | 1797427447557259264 |
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| author | Safdar Husain Tahir Muhammad Rizwan Ullah Gulzar Ahmad Nausheen Syed Alia Qadir |
| author_facet | Safdar Husain Tahir Muhammad Rizwan Ullah Gulzar Ahmad Nausheen Syed Alia Qadir |
| author_sort | Safdar Husain Tahir |
| collection | DOAJ |
| description | The lack of women’s presence in firms’ top management positions reflects gender equity problems, especially in South Asia, including Pakistan, and contours a firm’s financial behavior. Based on the underpinning of the conceptual framework developed by a combination of fourteen femininity theories, the current study investigates women’s induction in top management and its impact on a firm’s financial behavior. We collected data from annual reports of 60 non-financial firms listed at the Pakistan Stock Exchange (PSX) for 2013–2019. The study uses the return of assets (ROA), firm’s stability (FSTB), and risk-taking behavior (RTB) as dependent variables. Meanwhile, board gender diversity (BGD), female CEO (FCEO), female director-general (FDG), and female in audit committee (FIAC) are taken as independent variables. A multiple regression diagnostics approach is applied to analyze the data. The study reveals the positive impact of BGD on ROA and FSTB. However, this effect is adverse to RTB. The FIAC shows a positive (negative) impact on ROA (RTB). It also finds a negative impact of FCEO and FDG on ROA and FSTB. |
| first_indexed | 2024-03-09T08:44:14Z |
| format | Article |
| id | doaj.art-c67e72d7ca7b42e993a98440129f5902 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-09T08:44:14Z |
| publishDate | 2021-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-c67e72d7ca7b42e993a98440129f59022023-12-02T15:53:37ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312021-03-017878710.3390/joitmc7010087Women in Top Management: Performance of Firms and Open InnovationSafdar Husain Tahir0Muhammad Rizwan Ullah1Gulzar Ahmad2Nausheen Syed3Alia Qadir4Lyallpur Business School, Government College University Faisalabad, Faisalabad-38000, PakistanLyallpur Business School, Government College University Faisalabad, Faisalabad-38000, PakistanDepartment of Psychology, Lahore Garrison University, Lahore-54792, PakistanDepartment of Business Administration, Government College Women University Faisalabad, Faisalabad-38000, PakistanDepartment of Management Sciences, Riphah International University Faisalabad Campus, Faisalabad-38000, PakistanThe lack of women’s presence in firms’ top management positions reflects gender equity problems, especially in South Asia, including Pakistan, and contours a firm’s financial behavior. Based on the underpinning of the conceptual framework developed by a combination of fourteen femininity theories, the current study investigates women’s induction in top management and its impact on a firm’s financial behavior. We collected data from annual reports of 60 non-financial firms listed at the Pakistan Stock Exchange (PSX) for 2013–2019. The study uses the return of assets (ROA), firm’s stability (FSTB), and risk-taking behavior (RTB) as dependent variables. Meanwhile, board gender diversity (BGD), female CEO (FCEO), female director-general (FDG), and female in audit committee (FIAC) are taken as independent variables. A multiple regression diagnostics approach is applied to analyze the data. The study reveals the positive impact of BGD on ROA and FSTB. However, this effect is adverse to RTB. The FIAC shows a positive (negative) impact on ROA (RTB). It also finds a negative impact of FCEO and FDG on ROA and FSTB.https://www.mdpi.com/2199-8531/7/1/87womentop managementriskstabilityperformancefeminism |
| spellingShingle | Safdar Husain Tahir Muhammad Rizwan Ullah Gulzar Ahmad Nausheen Syed Alia Qadir Women in Top Management: Performance of Firms and Open Innovation Journal of Open Innovation: Technology, Market and Complexity women top management risk stability performance feminism |
| title | Women in Top Management: Performance of Firms and Open Innovation |
| title_full | Women in Top Management: Performance of Firms and Open Innovation |
| title_fullStr | Women in Top Management: Performance of Firms and Open Innovation |
| title_full_unstemmed | Women in Top Management: Performance of Firms and Open Innovation |
| title_short | Women in Top Management: Performance of Firms and Open Innovation |
| title_sort | women in top management performance of firms and open innovation |
| topic | women top management risk stability performance feminism |
| url | https://www.mdpi.com/2199-8531/7/1/87 |
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