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Does Gender Diversity on Boards Influence Stock Market Liquidity? Empirical Evidence from the Tunisian Market

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  • Ilyes Abidi

    (Management Information Systems Department, Community College, University of Ha il, Saudi Arabia,)

  • Mariem Nsaibi

    (Management Information Systems Department, Community College, University of Ha il, Saudi Arabia)

Abstract

The aim of this paper is to study the effect of the gender diversity in boardrooms on the liquidity of the shares. To do this, we selected a sample made up of Tunisian banks listed over the period 1998-2018, and we used the two-step least squares method (2SLS). The results of this work show a significant and positive relationship between the gender diversity on the boards of directors and the liquidity of the shares of Tunisian banks. However, the results of this investigation suggest that the presence of at least one woman on the board positively affect the liquidity of the shares. This relationship becomes more meaningful when there is more than one woman on the board, but their presence will be normalized if they occupy at least three positions.

Suggested Citation

  • Ilyes Abidi & Mariem Nsaibi, 2022. "Does Gender Diversity on Boards Influence Stock Market Liquidity? Empirical Evidence from the Tunisian Market," International Journal of Economics and Financial Issues, Econjournals, vol. 12(3), pages 110-120, May.
    • Handle: RePEc:eco:journ1:2022-03-13
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    More about this item

    Keywords

    Corporate governance; Gender diversity ; Stock market liquidity;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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