Board Gender Diversity, Firm Performance and Risk-Taking: The Case of Non-Financial Firms of Pakistan

Raheel Mumtaz (), Muhammad Farooq Rehan (), Quaisar Ijaz Khan () and Rubab Zaidi ()
Additional contact information
Raheel Mumtaz: Assistant Professor, College of Commerce, Government College University, Faisalabad, Pakistan
Muhammad Farooq Rehan: Assistant Professor, College of Commerce, Government College University, Faisalabad, Pakistan
Quaisar Ijaz Khan: Assistant Professor, College of Commerce, Government College University, Faisalabad, Pakistan
Rubab Zaidi: M.Phil Scholar, College of Commerce, Government College University, Faisalabad, Pakistan

iRASD Journal of Economics, 2021, vol. 3, issue 3, 354-367

Abstract: This paper examines the influence of board gender diversity on firm performance and risk taking. We employed the panel data of seventy-five non-financial firms of KSE-100 index listed in the Pakistan Stock Exchange. The data consists of 2005-2018 period. Results of panel regression reveal that board gender diversity have adverse influence on the firm performance i-e Tobin’s Q and return on assets. Moreover, it further provides that board gender diversity has decrease the firm’s risk-taking i-e insolvency risk. Overall, the inclusion of females in the boardroom reduces the financial performance and decrease the risk-taking of non-financial firms in Pakistan. This study provides the managerial and practical implications in compliance with SECP Act of 2017, to include the females in boardroom to discourage the risk-taking behavior of firms.

Keywords: Board Gender Diversity; Firm Performance; Risk-taking (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.internationalrasd.org/index.php/joe/article/view/540/291 (application/pdf)
https://journals.internationalrasd.org/index.php/joe/article/view/540 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ani:irdjoe:v:3:y:2021:i:3:p:354-367

DOI: 10.52131/joe.2021.0303.0050

Access Statistics for this article

More articles in iRASD Journal of Economics from International Research Alliance for Sustainable Development (iRASD)
Bibliographic data for series maintained by Dr. Muhammad Abrar ul Haq ().