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Gender Diversity and Firm Performance: Evidences from Emerging Markets

Author

Listed:
  • Minibhavan Chandrasekharan Minimol

    (Rajagiri College of Social Sciences, Kochi, India)

  • Phuong Lan Khong

    (Foreign Trade University, HaNoi, Vietnam)

Abstract

Diversity in board memberships has gained a lot of attention recently. Generally, diversity is measured by a wide range of aspects such as gender, ethnicity or cultural background. This research mainly focuses on gender diversity in boardrooms and the equivalence between ratio of women on board and men on board. Firm performance in this study is proxied by 3 indicators such as return on assets, return on equity and return on investment. Although there are many empirical studies throughout time in order to investigate impact of gender diversity on firm performance with the evidence from many countries, those studies are still rare in Asian countries. Especially, it is hard to find out a research comparing the effect of board gender diversity on firm performance in India with that in Vietnam. Both of the two nations have recently gained strong economic growth and foreign investment. That’s why this study is expected to be significantly contributes to the existing literature.

Suggested Citation

  • Minibhavan Chandrasekharan Minimol & Phuong Lan Khong, 2021. "Gender Diversity and Firm Performance: Evidences from Emerging Markets," Economic Research Guardian, Weissberg Publishing, vol. 11(1), pages 156-169, June.
    • Handle: RePEc:wei:journl:v:11:y:2021:i:1:p:156-169
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    References listed on IDEAS

    as
    1. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
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    3. Coles, Jeffrey L. & Daniel, Naveen D. & Naveen, Lalitha, 2008. "Boards: Does one size fit all," Journal of Financial Economics, Elsevier, vol. 87(2), pages 329-356, February.
    4. David A. Carter & Betty J. Simkins & W. Gary Simpson, 2003. "Corporate Governance, Board Diversity, and Firm Value," The Financial Review, Eastern Finance Association, vol. 38(1), pages 33-53, February.
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    Cited by:

    1. Rajesh Raut & Amruta Deshpande & Kirti Gupta & Natashaa Kaul & Nivedita Ekbote, 2023. "Status of Women in Corporate Governance in the Private Sector Companies in India," Indian Journal of Corporate Governance, , vol. 16(1), pages 94-107, June.

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    More about this item

    Keywords

    Gender diversity; Firm performance; Emerging markets; Board room diversity; Women on board;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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