Does Having Women on Boards Create Value? The Impact of Societal Perceptions and Corporate Governance in Emerging Markets

41 Pages Posted: 16 Dec 2014

See all articles by Shamsul Abdullah

Shamsul Abdullah

Kulliyyah of Economics and Management Sciences

Ku Nor Izah Ku Ismail

Universiti Utara Malaysia - School of Accountancy

Lilac Nachum

City University of New York - Allen G. Aaronson Department of Marketing & International Business

Date Written: December 15, 2014

Abstract

Many governments seek to impose gender equality on boards, but the consequences of doing so are not clear and could harm firms and economies. We shed light on this topic by conceptualizing the relationships as firm- and board-specific and embedded within specific contexts. The theory is developed with reference to emerging markets, and tested on Malaysian firms. We find that female directors create value for some firms and decrease it for others. The impact varies across different performance indicators, firms’ ownership and boards’ structure. The findings call for nuanced responses in relation to women’s nominations from both governments and firms.

Keywords: female board membership, accounting and market performance, firm ownership, board ethnic diversity, corporate governance, emerging markets

Suggested Citation

Abdullah, Shamsul and Ku Ismail, Ku Nor Izah and Nachum, Lilac, Does Having Women on Boards Create Value? The Impact of Societal Perceptions and Corporate Governance in Emerging Markets (December 15, 2014). Available at SSRN: https://ssrn.com/abstract=2538595 or http://dx.doi.org/10.2139/ssrn.2538595

Shamsul Abdullah

Kulliyyah of Economics and Management Sciences ( email )

Persiaran Duta
Jalan Gombak
Kuala Lumpur
Malaysia
6019-4700927 (Phone)

Ku Nor Izah Ku Ismail

Universiti Utara Malaysia - School of Accountancy ( email )

Sintok, Kedah Darul Aman 06010
Malaysia

Lilac Nachum (Contact Author)

City University of New York - Allen G. Aaronson Department of Marketing & International Business ( email )

One Bernard Baruch Way, B12-240
New York, NY 10010-5585
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
242
Abstract Views
1,660
rank
131,343
PlumX Metrics