Gender diversity in the board and firms performance

Muhammad Ishfaq Ahmad, Muhammad Akram Naseem (), Ramiz ur Rehman (), Rizwan Ali () and Suhaib Mazoor ()
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Muhammad Ishfaq Ahmad: Lahore Business School, The University of Lahore, Pakistan
Muhammad Akram Naseem: Lahore Business School, The University of Lahore, Pakistan
Ramiz ur Rehman: Lahore Business School, The University of Lahore, Pakistan
Rizwan Ali: Lahore Business School, The University of Lahore, Pakistan
Suhaib Mazoor: Lahore Business School, The University of Lahore, Pakistan

International Journal of Financial Engineering (IJFE), 2021, vol. 08, issue 01, 1-12

Abstract: Good corporate governance has been on the corporate agenda for the last two decades. Among other issues, female’s presentation in the board rooms received much more attention. This study examines the participation of females as an executive in corporate management and financial performance of the engineering sector of Pakistan. The data comes from listed companies at the Pakistan Stock exchange from 2010 to 2019. By using the data of 12 companies, it is found that there is a significant positive relationship between board diversity and financial performance. Moreover, board size and board meetings and CEO education have a significant positive influence on the financial performance of firms. However, board independence has a significant negative influence on financial performance.

Keywords: Board diversity; board size; CEO education; financial performance (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S2424786320500449

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