Board gender diversity and sustainable growth rate: Chinese evidence

Qurat Ul Ain, Xianghui Yuan, Hafiz Mustansar Javaid and Muhammad Naeem

Economic Research-Ekonomska Istraživanja, 2022, vol. 35, issue 1, 1364-1384

Abstract: This study investigates the impact of women directors on a firm’s sustainable growth rate. Using data from 2003 to 2017 for Chinese listed firms, we found a positive relationship between women directors and a sustainable growth rate. Our study also contributes to institutional theory by providing evidence that this positive relationship is more effective in legal-person-controlled firms than state-controlled firms. In comparison, women independent directors have a stronger influence than women executive directors on sustainable growth. Similarly, board gender diversity with three or more female directors substantially affects firms’ sustainable growth, consistent with critical mass theory. Our study’s findings are robust in terms of alternative estimations techniques, variable specifications, and different identification strategies, such as two-stage least squares and propensity score matching. Our study provides novel evidence on women directors’ role in increasing firms’ sustainable growth rate by adding a new dimension to the ongoing debate in the gender diversity literature.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2021.1965002 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:35:y:2022:i:1:p:1364-1384

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2021.1965002

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().