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Board gender diversity and firm performance: evidence from the Russian agri-food industry

Author

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  • Tleubayev, Alisher
  • Bobojonov, Ihtiyor
  • Gagalyuk, Taras
  • Glauben, Thomas

Abstract

This study provides pioneering empirical evidence on board gender diversity and firm performance relationship for the case of large-scale agri-food companies in Russia. While Russia plays an important role in the global food security, its domestic agri-food production is heavily dependent on large scale producers. Our findings suggest a strong positive link between the percentage of female directors in boardrooms and firm performance. Moreover, in line with critical mass theory, boards with three or more female directors have greater impact on firm performance compared to boards with two or less female directors. Further analysis shows that the presence of female directors in the company has a positive impact on firm performance, mainly due to their executive, rather than monitoring effects. The paper shed light on gender diversity of Russian corporate boardrooms and provides empirical recommendations for policy makers as well as corporate executives in Russia.

Suggested Citation

  • Tleubayev, Alisher & Bobojonov, Ihtiyor & Gagalyuk, Taras & Glauben, Thomas, 2020. "Board gender diversity and firm performance: evidence from the Russian agri-food industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 23(01).
    • Handle: RePEc:ags:ifaamr:301020
    DOI: 10.22004/ag.econ.301020
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    File URL: https://ageconsearch.umn.edu/record/301020/files/ifamr2019.0011.pdf
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    Cited by:

    1. Neji Al-Eid Omri & Abdulhameed Mohanna Alfaleh, 2024. "The effects of boardroom gender diversity on corporate performance: empirical evidence from a sample of European listed companies," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 59(2), pages 86-100, April.
    2. IWASAKI, Ichiro & MA, Xinxin & MIZOBATA, Satoshi, 2024. "Board Gender Diversity in China and Eastern Europe," CEI Working Paper Series 2023-09, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    3. Farzan Yahya & Li Meiling & Chien‐Chiang Lee & Muhammad Waqas & Zhang Shaohua, 2022. "Gender diversity, sustainability reporting, CEO overconfidence, and efficient risk‐taking: Evidence from South Asian agri‐food industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(3), pages 219-238, September.
    4. Tleubayev, Alisher & Bobojonov, Ihtiyor & Gagalyuk, Taras & Glauben, Thomas, 2022. "Business group affiliation and financial performance in the agricultural sector of transition economies: The case of Russian agroholdings," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(2), pages 280-310.
    5. Hajdu, Anna & Gagalyuk, Taras & Bukin, Eduard & Petrick, Martin, 2021. "Determinants of corporate social responsibility among farms in Russia and Kazakhstan: A multilevel approach using survey data," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(4), pages 697-716.

    More about this item

    Keywords

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    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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