Does Gender Matter? Female Representation on Corporate Boards and Firm Financial Performance--A Meta-Analysis.

ABSTRACT: In recent years, there has been an ongoing, worldwide debate about the representation of females in companies. Our study aimed to meta-analytically investigate the controversial relationship between female representation on corporate boards and firm financial performance. Following a systematic literature search, data from 20 studies on 3097 companies published in peer-reviewed academic journals were included in the meta-analysis. On average, the boards consisted of eight members and female participation was low (mean 14%) in all studies. Half of the 20 studies were based on data from developing countries and 62% from higher income countries. According to the random-effects model, the overall mean weighted correlation between percentage of females on corporate boards and firm performance w

SUBMITTER: Pletzer JL 

PROVIDER: S-EPMC4473005 | biostudies-literature | 2015

REPOSITORIES: biostudies-literature