Women on Indian Boards and Market Performance: A Role-Congruity Theory Perspective

33 Pages Posted: 24 Apr 2018

See all articles by Syed Shafqat Mukarram

Syed Shafqat Mukarram

Comsats University Islamabad

Abubakr Saeed

Comsats University Islamabad

Shawkat M. Hammoudeh

Montpellier Business School; Drexel University - Lebow College of Business

Muhammad Raziq

Comsats University Islamabad

Date Written: January 2018

Abstract

Drawing on role-congruity theory, we explore the role of female board members in Indian firms. We find that the impact of female board members on market performance is positive for widely held high-tech firms, but negative in non-high-tech firms and high-tech firms that are family-controlled. Our results suggest that the relationship between female representation on Indian boards and market performance hinges on the (in)congruity between societally defined female gender roles and the expected characteristics of leadership.

Keywords: Women on corporate boards, Role-congruity theory, High-tech sector, Emerging economies

Suggested Citation

Shafqat Mukarram, Syed and Saeed, Abubakr and Hammoudeh, Shawkat M. and Raziq, Muhammad, Women on Indian Boards and Market Performance: A Role-Congruity Theory Perspective (January 2018). Asian Business & Management, Vol. 17, Issue 1, 2018. Available at SSRN: https://ssrn.com/abstract=3161541 or http://dx.doi.org/10.1057/s41291-018-0030-1

Syed Shafqat Mukarram (Contact Author)

Comsats University Islamabad ( email )

Park Road
Chak Shahzad
Islamabad, North-West Frontier Province 44000
Pakistan

Abubakr Saeed

Comsats University Islamabad ( email )

Park Road
Chak Shahzad
Islamabad, North-West Frontier Province 44000
Pakistan

Shawkat M. Hammoudeh

Montpellier Business School ( email )

2300 Avenue des Moulins
Montpellier, 34080
France

Drexel University - Lebow College of Business ( email )

3141 Chestnut Street
Philadelphia, PA 19104
United States
2158956673 (Phone)
2158956975 (Fax)

HOME PAGE: http://faculty.lebow.drexel.edu/HammoudehS/

Muhammad Raziq

Comsats University Islamabad ( email )

Park Road
Chak Shahzad
Islamabad, North-West Frontier Province 44000
Pakistan

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