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More female, better corporate performance? Evidence from Chinese listed companies

Author

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  • Zhang, Zhen
  • Wu, Yifan
  • He, Dongwei

Abstract

This study investigates the effects of board gender diversity on corporate performance. Using data from Chinese listed companies spanning the period 2011 to 2020, we explore the effects of board gender diversity on internal and external corporate performance. Our findings reveal that a higher number female executive board is associated with a decline in internal corporate performance. Conversely, an increase in the proportion of female executives generally correlates with an improvement in external corporate performance. Moreover, our analysis indicates no significant impact of gender diversity on financial performance. These findings contribute the literature by offering more nuanced and specific insights into the relationship between board gender diversity and corporate performance.

Suggested Citation

  • Zhang, Zhen & Wu, Yifan & He, Dongwei, 2024. "More female, better corporate performance? Evidence from Chinese listed companies," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003544
    DOI: 10.1016/j.frl.2024.105324
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Board gender diversity; Corporate performance; Corporate governance;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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