IDEAS home Printed from https://ideas.repec.org/a/khe/journl/v5y2013i4p215-219.html
   My bibliography  Save this article

The Impact of Gender and Age Diversity on Company Performance

Author

Listed:
  • Raluca-Georgiana Moscu

    () ("Dimitrie Cantemir" Christian University)

Abstract

The purpose of this study is to identify the relationship between corporate performance or dividend distribution policy and diversity of gender and age for the Management Teams and the Boards of Directors associated with the companies listed on the Bucharest Stock Exchange. We have also investigated the impact of firm size or of leverage on the relationship between firm performance and of the Management Board's characteristics related to diversity, mentioned above. We have identified certain conclusions: i) the existence of women in leadership CEO or Chairman of the Board of Directors does not have a significant impact on firm performance, ii) there is a negative relationship between the age of Chairman of the Board, on the one hand and the performance of company on the other hand, or a positive one if dividend policy, iii) the percentage of women in the management or board is low and does not significantly influence the dependent variables.

Suggested Citation

  • Raluca-Georgiana Moscu, 2013. "The Impact of Gender and Age Diversity on Company Performance," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 215-219, December.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:4:p:215-219
    as

    Download full text from publisher

    File URL: http://orizonturi.ucdc.ro/arhiva/2013_khe_4_pdf/khe_vol_5_iss_4_215to219.pdf
    Download Restriction: no

    File URL: http://orizonturi.ucdc.ro/arhiva/2013_khe_4_pdf/khe_vol_5_iss_4_215to219.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Agrawal, Anup & Knoeber, Charles R, 2001. "Do Some Outside Directors Play a Political Role?," Journal of Law and Economics, University of Chicago Press, vol. 44(1), pages 179-198, April.
    2. Kevin Campbell & Antonio Mínguez-Vera, 2008. "Gender Diversity in the Boardroom and Firm Financial Performance," Journal of Business Ethics, Springer, vol. 83(3), pages 435-451, December.
    3. Faleye, Olubunmi, 2007. "Classified boards, firm value, and managerial entrenchment," Journal of Financial Economics, Elsevier, vol. 83(2), pages 501-529, February.
    4. Yermack, David, 1996. "Higher market valuation of companies with a small board of directors," Journal of Financial Economics, Elsevier, vol. 40(2), pages 185-211, February.
    5. Antia, Murad & Pantzalis, Christos & Park, Jung Chul, 2010. "CEO decision horizon and firm performance: An empirical investigation," Journal of Corporate Finance, Elsevier, vol. 16(3), pages 288-301, June.
    6. Stephen Brammer & Andrew Millington & Stephen Pavelin, 2007. "Gender and Ethnic Diversity Among UK Corporate Boards," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 393-403, March.
    7. Farrell, Kathleen A. & Hersch, Philip L., 2005. "Additions to corporate boards: the effect of gender," Journal of Corporate Finance, Elsevier, vol. 11(1-2), pages 85-106, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brett C. Olsen & Sanjay R. Sisodiya & Judith Swisher & Neil Fargher, 2016. "A note on assessing the relation between CEO characteristics and stock performance: Alpha Above Replacement," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 56(3), pages 787-802, September.

    More about this item

    Keywords

    Corporate governance; gender diversity; age diversity; performance;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

    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:khe:journl:v:5:y:2013:i:4:p:215-219. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava). General contact details of provider: http://edirc.repec.org/data/ffucdro.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.