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Women on board and performance of family firms: Evidence from India

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  • Sarkar, Jayati
  • Selarka, Ekta

Abstract

This paper provides empirical evidence on the effect of woman directors on performance of family firms in the context of an emerging economy. Using data from India covering periods prior to and post institution of gender quotas, we find evidence that the presence of woman directors on board leads to higher firm performance. However, this positive effect is driven by independent woman directors. Further this effect gets attenuated when family members occupy key management positions in the firm. We conclude that governance structures of firms in emerging economies matter for the impact of woman directors on firm performance.

Suggested Citation

  • Sarkar, Jayati & Selarka, Ekta, 2021. "Women on board and performance of family firms: Evidence from India," Emerging Markets Review, Elsevier, vol. 46(C).
    • Handle: RePEc:eee:ememar:v:46:y:2021:i:c:s156601412030159x
    DOI: 10.1016/j.ememar.2020.100770
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    Cited by:

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    7. Shubham Singhania & Jagvinder Singh & Deepti Aggrawal, 2023. "Gender diversity on board and corporate sustainability: a quantitative review based on bibliometric mapping," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(1), pages 267-286, February.
    8. Jain, Ritika, 2022. "Gender diversity, gender norms and firm performance: Evidence from India," Economic Systems, Elsevier, vol. 46(4).
    9. 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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