ORCID Identifiers
Document Type
Article
Source of Publication
Risk Governance and Control: Financial Markets and Institutions
Publication Date
6-1-2016
Abstract
© 2016, Virtus Interpress. All rights reserved. The impact of boardroom diversity on firm financial performance has attracted growing research interest in recent years. However, due to the lack of readily available datasets for other parts of the world, most of the evidence is based on the US data. The purpose of this study is to examine the relationship between gender diversity in the boardrooms and firm financial performance in a region, where it has never been studied before. Using a sample of 60 firms listed in Abu Dhabi and Dubai Stock Exchanges, first the impact of gender diverse boards on the accounting value of the firms is analyzed. Afterwards, stock price reactions to the announcement of the gender quotas on corporate boards in the UAE are examined. The results do not show a significant impact of female directors on the firm’s both accounting and market value. However, these results should be interpreted carefully since the presence of women in leading positions might affect different aspects of the firm practices.
DOI Link
ISSN
Publisher
Virtus Interpress
Volume
6
Issue
3 (Continued 1, Special Issue)
First Page
28
Last Page
33
Disciplines
Business
Keywords
Board of directors, Corporate governance, Gender diversity, UAE
Scopus ID
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Recommended Citation
Iren, Perihan, "Gender diversity of boardrooms and firm financial performance" (2016). All Works. 1762.
https://zuscholars.zu.ac.ae/works/1762
Indexed in Scopus
yes
Open Access
yes
Open Access Type
Hybrid: This publication is openly available in a subscription-based journal/series