Yönetim Kurulunda Cinsiyet Çeşitliliği ve Finansal Performans İlişkisi: BİST 100 Şirketlerinde Bir Araştırma

Yıl 2014, Cilt: 19 Sayı: 2, 75 - 88, 01.06.2014

  yrd.doç.dr.mete Karayel Öğr.Gör.Mesut Doğan

Öz

In this study, relationship between board gender diversity and financial performance was studied on firms listed at Borsa Istanbul (BIST) 100 Index for the years 2009-2012. In this study, firms were divided into two groups as; firms with female directors and firms without female directors and difference between two groups in terms of accounting and market based financial performance was investigated. Multi-regression and t-test methods were used in empirical analysis. After the analysis, it was found that gender diversity has a positive effect on return on assets. However, it was also found that gender diversity has no effect on Return on Equity and Tobin’s Q. This study is one of the first studies on board gender diversity’s effect on financial performance in Turkey

Anahtar Kelimeler

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YÖNETİM KURULUNDA CİNSİYET ÇEŞİTLİLİĞİ VE FİNANSAL PERFORMANS İLİŞKİSİ: BİST 100 ŞİRKETLERİNDE BİR ARAŞTIRMA

Öz

Bu araştırmada Borsa İstanbul (BİST) 100 endeksinde faaliyet gösteren firmaların yönetim kurulu cinsiyet çeşitliliği ile finansal performansları arasındaki ilişki 2009-2012 yılları baz alınarak incelenmiştir. Çalışmada firmalar; kadın yönetim kurulu üyesi olanlar ve kadın yönetim kurulu üyesi olmayanlar olarak iki gruba ayrılmış ve söz konusu iki grup arasında muhasebe ve piyasa esaslı finansal performansları bakımından herhangi bir farklılığın olup olmadığı araştırılmıştır. Ampirik analizlerde çoklu regresyon ve t-testi yöntemlerinden yararlanılmıştır. Yapılan analiz sonucunda cinsiyet çeşitliliğinin varlık karlılığı üzerinde pozitif bir etkiye sahip olduğu tespit edilmiştir. Ancak cinsiyet çeşitliliğinin öz sermaye karlılığı ve Tobin’s Q üzerinde etkili olmadığı belirlenmiştir. Çalışma Türkiye’de yönetim kurullarında cinsiyet çeşitliliğinin firma performansına etkisi üzerine yapılan ilk çalışmalardan birisi olması açısından önem taşımaktadır

Anahtar Kelimeler

Kadın Yönetim Kurulu Üyeleri, Cinsiyet Çeşitliliği, Yönetim Kurulu Cinsiyet Çeşitliliği, Finansal Performans

Kaynakça

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