The Effects of Women on Boards on Financial Performance: Literature Review

Year 2018, Volume: 1 Issue: 2, 132 - 141, 30.08.2018

Mesut Doğan

Abstract

Corporate governance has
become a concept that has increased in importance since the early 2000s. In
particular, corporate governance practices have gained importance in increasing
competition power. Accounting scandals (Enron, Parmalat, etc.) revealed that
corporate governance practices are inadequate. In this study, it was aimed to
search the literature about the effect of the number of women’s board members
on the financial performance of the operator. The paper was based on
internationally indexed journals between 1993 and 2015. As a result of the
study, it is seen that besides the studies finding a positive relationship
between the number of women’s board members and firm performance, there are studies
that determine that female members have a negative effect on firm performance.
In the literature, there are writers who suggest that the increase in women's
board members will increase the independence of the board and that women's
board members will perform better in solving group problem solving and
discussions that require discussion and consensus. In contrast, other writers;
they argued that conflicts would increase and the decision-making processes
would slow down if the number of female members increased within the board of
directors.

Keywords

Corporate Governance, Firm Performance, Women on Board

Kadın Yönetim Kurulu Üye Sayısının Finansal Performans Üzerinde Etkisi: Literatür Taraması

Abstract

Kurumsal yönetim 2000’li yılların başından itibaren önemini artıran bir
kavram haline gelmiştir. Özellikle
rekabet gücünün artırılmasında kurumsal yönetim uygulamaları önem kazanmıştır.
Yaşanan muhasebe skandalları (Enron, Parmalat vb.) nedeniyle kurumsal yönetim
uygulamalarının yetersiz olduğu ortaya çıkmıştır. Bu çalışmada kadın yönetim kurulu üye sayısının işletmenin finansal
performansına etkisine yönelik literatür taraması yapılması amaçlanmıştır.
Araştırmada 1993-2015 yılları arasında uluslararası indekslerde taranan
dergiler baz alınmıştır. Çalışma sonucunda kadın yönetim kurulu üye sayısı ile
firma performansı arasında pozitif bir ilişki bulan çalışmaların yanı sıra kadın
üyelerin firma performansına olumsuz etki yaptığını tespit eden çalışmaların
olduğu görülmektedir. Literatürde kadın yönetim kurulu üyelerinin artışının
yönetim kurulu bağımsızlığını artıracağını ve tartışma ve konsensüs gerektiren
grup problem çözme ve karar almada kadın yönetim kurulu üyelerinin daha iyi bir
performans göstereceğini öne süren yazarlar bulunmaktadır. Buna karşın diğer
yazarlar ise; yönetim kurulu içerisinde kadın üye sayısının yükselmesi
durumunda çatışmaların artacağını ve karar alma süreçlerin yavaşlayacağını
ileri sürmüşlerdir.

Keywords

Kurumsal Yönetim, Firma Performansı, Kadın Yöneticiler

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