More female, better corporate performance? Evidence from Chinese listed companies

Zhen Zhang, Yifan Wu and Dongwei He

Finance Research Letters, 2024, vol. 63, issue C

Abstract: This study investigates the effects of board gender diversity on corporate performance. Using data from Chinese listed companies spanning the period 2011 to 2020, we explore the effects of board gender diversity on internal and external corporate performance. Our findings reveal that a higher number female executive board is associated with a decline in internal corporate performance. Conversely, an increase in the proportion of female executives generally correlates with an improvement in external corporate performance. Moreover, our analysis indicates no significant impact of gender diversity on financial performance. These findings contribute the literature by offering more nuanced and specific insights into the relationship between board gender diversity and corporate performance.

Keywords: Board gender diversity; Corporate performance; Corporate governance (search for similar items in EconPapers)
JEL-codes: M14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003544

DOI: 10.1016/j.frl.2024.105324

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