Gender Diversity in The Board Room and Its Financial Performance Effect: Evidence from an Emerging Market
Öz
Awareness on gender equality has recently increased, however, representation of women on boards is still low and it is still an unanswered question that leveling gender diversity leads
to better financial results. This study, based on a data of 151 nonfinancial firms of BIST between 2008 to 2015, aimed to provide evidence on this relationship. The hypothesis that presence of woman directors improves firm’s performance was rejected, when firm performance was measured by ROE and ROA. A negative relation between presence of woman directors and Tobin’s Q is revealed when endogeneity of gender diversity was addressed, using system GMM estimation.
Anahtar Kelimeler
Gender diversity,board diversity,firm performance,woman directors
Kaynakça
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