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Women Do it Better: An Investigation on the Association between Gender Diversity In Board of Directors and the Financial Performance

Author

Listed:
  • Matteo Rossi

    (University of Sannio, Italy)

  • Serena Galasso

    (University of Sannio, Italy)

  • Arturo Capasso

    (University of Sannio, Italy)

Abstract

The aim of this study is to analyse the impact of gender diversity on the financial performance of Italian listed companies. A cross-sectional regression used about the data of the year 2016 of Italian listed firms. The study is a mix of descriptive and explanatory research. The model is a scoring model, composed by two variables: Board of Directors (BoD), and Top Management (TM). We investigate the impact of these variables on the Return on Equity, the Price book value, and the EBITDA. The study shows a positive relationship between financial performance and the composition of the BoD and the operational performance and the composition of the Top management. The cross sectional regression highlights also the non-relation on the Return on Equity. Anyway these contrasting results confirm the properness of the model for this kind of research.

Suggested Citation

  • Matteo Rossi & Serena Galasso & Arturo Capasso, 2017. "Women Do it Better: An Investigation on the Association between Gender Diversity In Board of Directors and the Financial Performance," International Journal of Economics and Financial Issues, Econjournals, vol. 7(6), pages 41-50.
    • Handle: RePEc:eco:journ1:2017-06-6
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    More about this item

    Keywords

    Gender Diversity; Financial Perfomance; Borad of Directors; Italian Listed Companies;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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