Does boardroom gender diversity matter? Evidence from a transitional economy
This research investigates the relationship between board gender diversity and firm financial performance in the context of a transitional economy characterised by an underdeveloped corporate governance system. Using a sample of 120 publicly listed companies in Vietnam covering a 4-year period from...
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| Định dạng: | Journal article |
| Ngôn ngữ: | English |
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Elsevier
2022
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| Truy cập trực tuyến: | http://scholar.dlu.edu.vn/handle/123456789/712 https://www.sciencedirect.com/science/article/abs/pii/S1059056014002032 |
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oai:scholar.dlu.edu.vn:123456789-7122022-08-02T03:27:52Z Does boardroom gender diversity matter? Evidence from a transitional economy Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna Corporate governance Vietnam Board gender diversity Firm financial performance This research investigates the relationship between board gender diversity and firm financial performance in the context of a transitional economy characterised by an underdeveloped corporate governance system. Using a sample of 120 publicly listed companies in Vietnam covering a 4-year period from 2008 to 2011, we examine this relationship in a dynamic modelling framework, which controls for potential sources of endogeneity. We find that board gender diversity appears to have an effect on firm performance. This finding remains robust when alternative proxies for gender diversity are employed and is consistent with the perspectives of agency theory and resource dependence theory. The number of female directors in the boardroom also matters, supporting the view that if female board representation affects firm outcomes, this effect is more pronounced when the number of female directors increases. It is observed, furthermore, that the marginal positive performance effect of board gender diversity ceases when the percentage of female directors reaches a breakpoint of about 20%. This finding suggests that there is perhaps a potential trade-off between the costs and benefits of board gender diversification. Our findings significantly contribute to the growing literature of non-US based studies, by providing robust empirical evidence from a transitional economy in East Asia. 37 C 184-202 2022-07-26T01:30:58Z 2022-07-26T01:30:58Z 2015 Journal article Bài báo đăng trên tạp chí thuộc ISI, bao gồm book chapter http://scholar.dlu.edu.vn/handle/123456789/712 10.1016/j.iref.2014.11.022 https://www.sciencedirect.com/science/article/abs/pii/S1059056014002032 en International Review of Economics and Finance 1059-0560 Elsevier Netherlands |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| topic |
Corporate governance Vietnam Board gender diversity Firm financial performance |
| spellingShingle |
Corporate governance Vietnam Board gender diversity Firm financial performance Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna Does boardroom gender diversity matter? Evidence from a transitional economy |
| description |
This research investigates the relationship between board gender diversity and firm financial performance in the context of a transitional economy characterised by an underdeveloped corporate governance system. Using a sample of 120 publicly listed companies in Vietnam covering a 4-year period from 2008 to 2011, we examine this relationship in a dynamic modelling framework, which controls for potential sources of endogeneity. We find that board gender diversity appears to have an effect on firm performance. This finding remains robust when alternative proxies for gender diversity are employed and is consistent with the perspectives of agency theory and resource dependence theory. The number of female directors in the boardroom also matters, supporting the view that if female board representation affects firm outcomes, this effect is more pronounced when the number of female directors increases. It is observed, furthermore, that the marginal positive performance effect of board gender diversity ceases when the percentage of female directors reaches a breakpoint of about 20%. This finding suggests that there is perhaps a potential trade-off between the costs and benefits of board gender diversification. Our findings significantly contribute to the growing literature of non-US based studies, by providing robust empirical evidence from a transitional economy in East Asia. |
| format |
Journal article |
| author |
Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna |
| author_facet |
Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna |
| author_sort |
Nguyễn, Văn Tuấn |
| title |
Does boardroom gender diversity matter? Evidence from a transitional economy |
| title_short |
Does boardroom gender diversity matter? Evidence from a transitional economy |
| title_full |
Does boardroom gender diversity matter? Evidence from a transitional economy |
| title_fullStr |
Does boardroom gender diversity matter? Evidence from a transitional economy |
| title_full_unstemmed |
Does boardroom gender diversity matter? Evidence from a transitional economy |
| title_sort |
does boardroom gender diversity matter? evidence from a transitional economy |
| publisher |
Elsevier |
| publishDate |
2022 |
| url |
http://scholar.dlu.edu.vn/handle/123456789/712 https://www.sciencedirect.com/science/article/abs/pii/S1059056014002032 |
| _version_ |
1768305830188285952 |