Do female directors really add value in Indian firms?

Yogesh Chauhan and Dipanjan Kumar Dey

Journal of Multinational Financial Management, 2017, vol. 42-43, 24-36

Abstract: The study examines the effect of female directors on firm performance for Indian firms, where the domination of family firms and a patriarchal society may reduce the importance of female directors. Our empirical results suggest that the gender diversity does not matter for Indian firms. Our further results support this finding by indicating that female directors face more attendance problems compared to male directors, and are less likely to be appointed in monitoring-related committees. Overall, our results strengthen the tokenism status theory associated with female directors, especially in family-owned firms and in a patriarchal society.

Keywords: Female director; Gender; Board of directors; Emerging markets; Diversity; Family-owned firms (search for similar items in EconPapers)
JEL-codes: G30 G34 J16 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mulfin:v:42-43:y:2017:i::p:24-36

DOI: 10.1016/j.mulfin.2017.10.005

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