Sustainability of Financial Performance in Relation to Gender Diverse Boards: A Comparative Analysis of French and Romanian Listed Companies on Stock Exchanges

Anda Adelina Suciu, Dragoș Păun and Florin Sebastian Duma
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Anda Adelina Suciu: Ecole de Management de Normandie, 76600 Le Havre, France
Dragoș Păun: Faculty of Business, Universitatea Babeș-Bolyai, 400084 Cluj-Napoca, Romania
Florin Sebastian Duma: Faculty of European Studies, Universitatea Babeș-Bolyai, 400084 Cluj-Napoca, Romania

Sustainability, 2021, vol. 13, issue 18, 1-20

Abstract: While the moral argument for gender diversity has already been made and is incontestable, and more and more economical arguments have been brought to support the business case for the presence of women on the boards of directors of publicly listed companies, the bottom-line issue of what kind of impact gender diverse boards have on firm financial performance is still unclear. The aim of this paper is to deliver a comparative analysis of the impact of gender diverse boards on firm financial performance in France and Romania. Our results do not to provide any evidence of a link between boards’ gender diversity and companies’ financial performance, but while the analysis has failed to find a positive link between female presence and firm financial performance, it has not outlined a negative one.

Keywords: diversity; corporate governance; financial performance; profitability; comparative analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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