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Does Gender Diversity in the Boardroom Improve Firm Performance? Evidence from Indonesia
Economics and Finance in Indonesia
View Archive Info| Field | Value | |
| Title |
Does Gender Diversity in the Boardroom Improve Firm Performance? Evidence from Indonesia
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| Creator |
Pasaribu, Pananda
Masripah, Masripah Mindosa, Bonnie |
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| Subject |
board diversity; tokenism problem; industry effect
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| Description |
This study investigates board gender diversity in Indonesia’s listed firms and its effect on firm performance from 2011–2016. After addressing the endogeneity of diversity, the results in this paper show that the proportion of female in the boardroom marginally improve firm performance. Firms with two or more female in the boardroom have a stronger impact on firm performance than firms with one female in the boardroom, consistent with the critical mass effect. Finally, certain sectors will gain more benefits of appointing females in the boardroom. The results suggest that increasing gender diversity in the boardrooms can have beneficial effects on firm performance, but the benefits may be subject to the critical mass and firm industry.
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| Publisher |
Institute for Economic and Social Research
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| Contributor |
—
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| Date |
2019-08-02
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://efi.ui.ac.id/index.php/efi/article/view/597
10.7454/efi.v65i1.597 |
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| Source |
Economics and Finance in Indonesia; Volume 65, Number 1, June 2019; 1-19
2442-9260 0126-155X |
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| Language |
eng
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| Relation |
http://efi.ui.ac.id/index.php/efi/article/view/597/605
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| Rights |
Copyright (c) 2019 Economics and Finance in Indonesia
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