Female in the Boardroom and Firm Performance: An Insight of Indonesia’s Firms

Nazir Ahmad Gatot (), Dicky Iranto (), Edo Siregar () and Dianta A Sebayang ()
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Nazir Ahmad Gatot: Universitas Negeri Jakarta
Dicky Iranto: Universitas Negeri Jakarta
Edo Siregar: Universitas Negeri Jakarta
Dianta A Sebayang: Universitas Negeri Jakarta

Revista Finanzas y Politica Economica, 2024, vol. 16, issue 1, 47-63

Abstract: The purpose of this research is to determine the impact of female board members on firm performance. This study employed a purposive sampling technique with a research sample comprised of 264 non-financial companies listed on the Indonesia Stock Exchange between 2013 and 2019. As proxies for the independent variable of females in the boardroom, this study examines female directors' presence, a dummy variable for female CEOs, the proportion of female directors, and female directors' business ability. The return on assets (ROA), return on equity (ROE), and Tobin's Q are all proxies for gauging corporate performance. This study's analysis technique is robust regression analysis. Female board members had the greatest influence on firm performance, according to the findings. Overall, the female CEO dummy serves as a proxy for the strength of the company's performance.

Keywords: Boardroom; business expertise; female director; gender diversity; robust regression; Indonesias Firms (search for similar items in EconPapers)
JEL-codes: G30 G34 G38 M14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:col:000443:021246

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