Author First name, Last name, Institution

Perihan Iren, Zayed University

ORCID Identifiers

0000-0002-5631-4135

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.

ISSN

2077-429X

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

85019533126

Creative Commons License

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

Indexed in Scopus

yes

Open Access

yes

Open Access Type

Hybrid: This publication is openly available in a subscription-based journal/series

Included in

Business Commons

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