Title: Nexus between women directors and firm performance: a study on BSE 200 companies

Authors: Najul Laskar; Khalada Sultana Choudhury; Jaynal Uddin Ahmed; Shahbaz Babar Khan; Shamil Mohammed

Addresses: Department of General Management, University of Petroleum and Energy Studies-Dehradun, Kandoli Via-Prem Nagar, Dehradun, Uttarakhand, 248007, India ' Department of Management, North Eastern Hill University, Tura (Meghalaya), India ' Department of Management, North Eastern Hill University, Tura (Meghalaya), India ' Shri Jagdishprasad Jhabarmal Tibrewala University (JJTU), Jhunjhunu, Churu Rd., Vidyanagari, Churela, Rajasthan, 333001, India ' University of Petroleum and Energy Studies-Dehradun, Kandoli Via-Prem Nagar, Dehradun, Uttarakhand, 248007, India

Abstract: The present study is a modest attempt to investigate the impact of gender diversity on firm performance of BSE 200 listed companies. The study is based on the secondary data collected from the EMIS database and the corporate governance reports for a period of eight years, i.e., from 2012 to 2019. Sample size of the present study is 174 Indian companies listed in the Bombay Stock Exchange. The study has employed multiple regression models by considering the endogeneity issue to empirically test the impact of gender diversity on firm performance in Indian context. Based on the multiple regression models, we find that the impact of gender diversity is positive and significant on the market-based measure of firm performance. However, the impact becomes negative significant when firm performance was measured by accounting based measure of firm performance.

Keywords: gender diversity; return on assets; return on capital employed; Tobin's Q; market capitalisation; endogeneity; India.

DOI: 10.1504/IJBIR.2024.142304

International Journal of Business Innovation and Research, 2024 Vol.35 No.3, pp.355 - 371

Received: 07 Sep 2021
Accepted: 23 Nov 2021
Published online: 21 Oct 2024 *

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