IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v55y2015i4p1071-1103.html

Who selects the ‘right’ directors? An examination of the association between board selection, gender diversity and outcomes

Author

Listed:
  • Marion Hutchinson
  • Janet Mack
  • Kevin Plastow
  • Gary Monroe

Abstract

type="main" xml:id="acfi12082-abs-0001"> Using a sample of companies from the top 500 listed firms in Australia, we investigate whether the presence of a designated nomination committee and female representation on the nomination committee affect board gender diversity. We also examine whether gender diversity on the board affects firm risk and financial performance. We find that board gender diversity is significantly and positively associated with the presence of a designated nomination committee and that female representation on the nomination committee is a significant explanatory factor of increasing board gender diversity following the release of the 2010 Australian Securities Exchange Corporate Governance Council (ASXCGC) recommendations. Further, our results support the business case for board gender diversity as we find greater gender diversity moderates excessive firm risk which in turn improves firms' financial performance. Our results are robust after correcting for selection bias and controlling for other board, firm and industry characteristics.

Suggested Citation

  • Marion Hutchinson & Janet Mack & Kevin Plastow & Gary Monroe, 2015. "Who selects the ‘right’ directors? An examination of the association between board selection, gender diversity and outcomes," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(4), pages 1071-1103, December.
    • Handle: RePEc:bla:acctfi:v:55:y:2015:i:4:p:1071-1103
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/acfi.2015.55.issue-4
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:55:y:2015:i:4:p:1071-1103. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.