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Board Gender Diversity and Organizational Determinants: Empirical Evidence from a Major Developing Country

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  • Abubakr Saeed
  • Muhammad Sameer
  • Muhammad Mustafa Raziq
  • Aneel Salman
  • Shawkat Hammoudeh

Abstract

This article seeks to identify and analyze the organizational determinants of women presence on Indian corporate boards. Using a sample set of 294 Indian firms between years 2004–2014, Tobit regression analysis indicates that firm size, family ownership and affiliation with the high-tech sector exhibit positive association with the number of female directors on corporate boards. Further, we do not find any significant impact of state-ownership on the number of women on those boards. Notably, the effects of the organizational variables are more pronounced for the proportion of female non-executive directors, as compared to female executive directors. We conclude that understanding the organizational characteristics in conjunction with business environment can provide useful insights into state of board gender diversity, particularly in developing countries.

Suggested Citation

  • Abubakr Saeed & Muhammad Sameer & Muhammad Mustafa Raziq & Aneel Salman & Shawkat Hammoudeh, 2019. "Board Gender Diversity and Organizational Determinants: Empirical Evidence from a Major Developing Country," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(8), pages 1803-1820, June.
    • Handle: RePEc:mes:emfitr:v:55:y:2019:i:8:p:1803-1820
    DOI: 10.1080/1540496X.2018.1496421
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    Cited by:

    1. 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.
    2. Baoyin Qiu & Haohan Ren & Jingjing Zuo & Bo Cheng, 2023. "Social Trust and Female Board Representation: Evidence from China," Journal of Business Ethics, Springer, vol. 188(1), pages 187-204, November.

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