Gender diversity and firm performance: evidence from India and Singapore. Issue 14 (21st March 2020)

• Record Type: Journal Article
• Authors: Duppati, Geeta; Rao, Narendar V.; Matlani, Neha; Scrimgeour, Frank; Patnaik, Debasis
• Is Part Of: Applied economics. Volume 52:Issue 14(2020)
• Page Start: 1553
• Page End: 1565
• Publication Date: 2020-03-21
• Subjects: Gender diversity -- gender quota and soft laws -- quantile regression -- principal component analysis; G00 -- J16 -- L20 -- L25; Economics -- Periodicals; 330
• DOI: 10.1080/00036846.2019.1676872
• Languages: English
• ISSNs: 0003-6846

Abstract

ABSTRACT: This study investigates if gender diversity on boards is an effective driver of financial performance. For this purpose, this study choses two countries, one of which has the soft law approach (Singapore) while the other has mandatory requirements (India) on corporate boards gender diversity. By doing so, it examines if there is a comparability between the listed firms of the two countries. Our results suggest that the gender diversity has a positive and significant effect on the financial performance of the firms of both the countries. Although, the gender diversity of the two countries does not seem to affect the growth opportunities of both the countries. Further, our results indicate that the board characteristics affect the performance positively and significantly when the sample is divided into five quantiles for the firms in these two countries. These findings have implications to the managerial decision making and relevance to stewardship theory and resource dependency theory.