TY  - JOUR
T1  - Diverse Boards, Stronger Results? Gender Diversity on Boards and Firm Performance in Turkey
AU  - Bahar, Belgin
AU  - Yılmaz Altuntaş, Elgiz
PY  - 2025
DA  - August
Y2  - 2025
DO  - 10.26650/JEPR1716025
JF  - İktisat Politikası Araştırmaları Dergisi
JO  - JEPR
PB  - Istanbul University
WT  - DergiPark
SN  - 2148-3876
SP  - 519
EP  - 527
VL  - 12
IS  - 2
LA  - en
AB  - Board diversity has become a prominent topic of discussion within the realm of strategic management. This study specifically examines gender diversity as a key dimension of board heterogeneity. Notably, women remain under represented on corporate boards in general. In Turkey, the inclusion of women on corporate boards and efforts to enhance gender diversity are relatively recent developments. In 2012, for the first time in Turkey, the Capital Markets Board recommended that companies have at least one woman on their boards of directors. This study examines the effectiveness of Turkey’s first “soft law” quota concerning board gender diversity within the banking sector. Additionally, it investigates the relationship between gender diversity on corporate boards and firms’ financial performance (ROA). Using a large panel data of 12 banks from 2006 to 2018, we found a significant relationship between female representation on boards and ROA.JEL Classification : J16 , G34 , M14
KW  - Female board representation
KW  - Financial performance
KW  - Board diversity
KW  - Corporate governance
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UR  - https://doi.org/10.26650/JEPR1716025
L1  - https://dergipark.org.tr/en/download/article-file/4943300
ER  -