skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance

Journal of business ethics, 2015-11, Vol.132 (1), p.1-19 [Peer Reviewed Journal]

Springer Science+Business Media 2015 ;Springer Science+Business Media Dordrecht 2014 ;Springer Science+Business Media Dordrecht 2015 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-014-2302-9 ;CODEN: JBUEDJ

Full text available

Citations Cited by
  • Title:
    The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance
  • Author: Isidro, Helena ; Sobral, Márcia
  • Subjects: Boards of directors ; Business and Management ; Business Ethics ; Companies ; Compliance ; Economic theory ; Education ; Ethics ; Females ; Financial performance ; Gender ; Legislation ; Management ; Philosophy ; Quality of Life Research ; Quotas ; Representation ; Return on assets ; Sales ; Sanctions ; Studies ; Valuation ; Women
  • Is Part Of: Journal of business ethics, 2015-11, Vol.132 (1), p.1-19
  • Description: The European Commission has recently proposed the introduction of legally binding quotas for women on corporate boards of European companies. This proposal has put the spotlight on the question of whether increasing female representation on the board brings economic benefits to the firm. In order to shed light on the issue, this study investigates the direct and indirect effects of women on the board on firm value. We use a simultaneous equation model to estimate the effects of women on the board on firm value, financial performance, and compliance with ethical and social principles adopted by the firm. We find no evidence that a higher female representation on the board directly affects firm's value. However, we find indirect effects. Women on the board are positively related with financial performance (measured in terms of return on assets and return on sales) and with ethical and social compliance, which in turn are positively related with firm value. The findings in this study suggest that greater female representation on corporate boards of large European firms can increase firm value indirectly. Further, part of the indirect effect comes from stronger compliance with ethical principles, something that is not captured by accounting-based financial performance.
  • Publisher: Dordrecht: Springer
  • Language: English
  • Identifier: ISSN: 0167-4544
    EISSN: 1573-0697
    DOI: 10.1007/s10551-014-2302-9
    CODEN: JBUEDJ
  • Source: ProQuest One Psychology
    ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait