Gender Diversity and Human Capital Efficiency in Australian Institutions: The Moderating Role of Workforce Environment Quality

Seema Miglani () and Victoria Obeng
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Seema Miglani: Department of Accounting, Data Analytics, Economics and Finance, La Trobe Business School, La Trobe University, Bundoora, VIC 3086, Australia
Victoria Obeng: Department of Accounting, Data Analytics, Economics and Finance, La Trobe Business School, La Trobe University, Bundoora, VIC 3086, Australia

JRFM, 2023, vol. 16, issue 7, 1-26

Abstract: We examine the relationship between board gender diversity and human capital efficiency and further consider the moderating role of workforce environment quality from the perspectives of profit-making and loss-making firms. Using a sample of 2700 firm-year observations from listed Australian firms for the period 2008–2019, we found a positive relationship between the presence of females on boards and human capital efficiency which was more pronounced for loss-making firms as against profit-making firms. Additionally, the relationship between gender diversity and human capital efficiency was moderated by the quality of workforce environment with the moderating effect being more pronounced for loss-making firms as compared to profit-making firms. Board gender diversity plays a substitutive role in the management of human capital efficiency for loss-making firms where investment in human capital development is limited.

Keywords: human capital; gender diversity; workforce environment; corporate governance (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
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