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Women in Top Management and Corporate Share Price: The Mediating Role of Management Learning

Author

Listed:
  • Felicity K. Mathye

    (University of Limpopo, South Africa)

  • Collins C. Ngwakwe

    (University of Limpopo, South Africa)

Abstract

The objective of this paper is to evaluate the relationship between the number of females in corporate top management and share value. Given the inconsistencies in previous research, this paper contributes a new model to existing literature by mediating the number of women in top management with the ‘management learning’ variable, which is absent in previous research models. The paper applied a panel data regression approach. Findings from the first analysis (without management learning) indicate a positive relationship (though not significant). Findings from the second analysis (with management learning into the model) show that women in top management are positively and significantly related to share value. The paper concludes that the inclusion and supporting of women in top management through management learning can create a competitive value for the organisation. The paper recommends extension of this new model in future research with more time series and more cross sectional units.

Suggested Citation

  • Felicity K. Mathye & Collins C. Ngwakwe, 2020. "Women in Top Management and Corporate Share Price: The Mediating Role of Management Learning," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 18(2 (Summer), pages 111-126.
    • Handle: RePEc:mgt:youmgt:v:18:y:2020:i:2:p:111-126
    DOI: 10.26493/1854-6935.18.111-126
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    share price; gender equity; women in top management; corporate governance; market value; management learning;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing

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