Abstract

http://ssrn.com/abstract=2029140
 


 



Board Gender Diversity and its Effect on Firm Financial Performance: A Panel Study of Top 500 ASX Listed Firms


Alireza Vafaei


La Trobe University

Paul R. Mather


La Trobe University

Kamran Ahmed


La Trobe University

March 26, 2012

2012 Financial Markets & Corporate Governance Conference

Abstract:     
The corporate governance literature reports mixed evidence on the relationship between board diversity and firm performance. The purpose of this study is to examine the association between board gender diversity and firm financial performance, and to investigate if a business case can be established for the appointment of women on corporate boards. Data for the top 500 Australian Securities Exchange (ASX) listed firms for the period 2005 through 2010 are used. Various panel data models of firm performance and control factors that are traditionally found to affect firm performance are estimated. Results indicate that after controlling for likely relevant factors, the proportion of women on boards of directors tends to have a positive effect on firm performance.

working papers series


Not Available For Download

Date posted: March 26, 2012  

Suggested Citation

Vafaei, Alireza and Mather, Paul R. and Ahmed, Kamran, Board Gender Diversity and its Effect on Firm Financial Performance: A Panel Study of Top 500 ASX Listed Firms (March 26, 2012). 2012 Financial Markets & Corporate Governance Conference. Available at SSRN: http://ssrn.com/abstract=2029140 or http://dx.doi.org/10.2139/ssrn.2029140

Contact Information

Alireza Vafaei (Contact Author)
La Trobe University ( email )
Department of Accounting
La Trobe Business School
Victoria 3086, 3086
Australia
+61 - 3 - 9479 3746 (Phone)
HOME PAGE: http://www.latrobe.edu.au/business/about/staff/profile?uname=A2Vafaei
Paul R. Mather
La Trobe University ( email )
School of Accounting
Bundoora
Melbourne, Victoria 3086
Australia
+61-3-9479-5264 (Phone)
Kamran Ahmed
La Trobe University ( email )
Melbourne
Victoria, 3086
Australia
61394791125 (Phone)
61394792356 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 1,319

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.250 seconds