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Does gender diversity in the boardroom influence Tobin?s Q of Croatian listed firms?

Author

Listed:
  • Tomislava Pavic Kramaric

    (University of Split - University Department for Professional Studies)

  • Toni Milun

    (Algebra University College)

  • Ivan Pavic

    (University of Split - Faculty of Economics)

Abstract

Gender diversity has attracted attention of scientists and practitioners of different fields. Despite the efforts and progress that has been made towards achieving gender equality in the workplace this has remained the weak point especially in the context of management and supervisory board positions. Therefore, the authors wanted to investigate whether this is true for Croatian listed companies. The hypotheses that women in leading positions has a positive impact on performance Croatian listed companies is tested using Tobin?s Q indicator for the year 2014 whereas explanatory variables comprise different corporate governance variables such as Shannon index, Blau index, gender of the president of the management and supervisory board, share of women etc. The analysis is performed by using different empirical research methods including linear regression. The main findings are that women acting as the presidents of the management board positively influence performance. Moreover, having more women in the management board also has beneficial effects on financial success of the firm.

Suggested Citation

  • Tomislava Pavic Kramaric & Toni Milun & Ivan Pavic, 2016. "Does gender diversity in the boardroom influence Tobin?s Q of Croatian listed firms?," Proceedings of International Academic Conferences 4006623, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:4006623
    as

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    File URL: https://iises.net/proceedings/24th-international-academic-conference-barcelona/table-of-content/detail?cid=40&iid=070&rid=6623
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    Citations

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    Cited by:

    1. Kramaric Tomislava Pavic & Miletic Marko, 2017. "Critical Mass in the Boardroom of Croatian Banks," South East European Journal of Economics and Business, Sciendo, vol. 12(1), pages 22-37, April.
    2. Tho, Nguyen Xuan, 2024. "The Moderating Role of CEO Age on the Relationship Between CEO Characteristics and Tobin’s Q," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 31(1), January.

    More about this item

    Keywords

    Tobin?s Q; gender diversity; board of directors;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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