IDEAS home Printed from https://ideas.repec.org/a/vrs/ecothe/v62y2024i4p561-585n1008.html
   My bibliography  Save this article

Structural Diversity in Boards of Directors and Firm Performance: Analysis of Boards in the Republic of Serbia

Author

Listed:
  • Dogandžić Petar

    (PhD student, Faculty of Economics, University of Belgrade, Republic of Serbia)

  • Dogandžić Anja

    (PhD student, Faculty of Economics, University of Priština, Republic of Serbia)

Abstract

The contribution of board diversification to corporate financial performance has piqued the interest of numerous researchers and regulators in recent decades. In this context, this paper aims to establish whether there is a connection between the board of directors attributes and the financial performance of the company. Using the Independent Samples T-test, we tested the relationship between board attributes, such as the representation of women, average age and size of the board, on the one hand, and financial performance expressed through ROA and ROS, on the other hand, on a sample of 97 joint-stock companies operating in the Republic of Serbia. The results we reached are, first, companies with a larger board do not have better financial performance compared to companies with a smaller board. Second, companies with an older board achieve better financial performance compared to companies with a younger board. And third, companies with one or more women on the board do not perform better financially than companies without women on the board.

Suggested Citation

  • Dogandžić Petar & Dogandžić Anja, 2024. "Structural Diversity in Boards of Directors and Firm Performance: Analysis of Boards in the Republic of Serbia," Economic Themes, Sciendo, vol. 62(4), pages 561-585.
    • Handle: RePEc:vrs:ecothe:v:62:y:2024:i:4:p:561-585:n:1008
    DOI: 10.2478/ethemes-2024-0030
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ethemes-2024-0030
    Download Restriction: no
    File URL: https://libkey.io/10.2478/ethemes-2024-0030?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Corporate governance; Board diversity; Financial performance;
    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

    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:vrs:ecothe:v:62:y:2024:i:4:p:561-585:n:1008. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.