Does Gender Matter? Female Representation on Corporate Boards and Firm Financial Performance--A Meta-Analysis.

摘要: In recent years, there has been an ongoing, worldwide debate about the representation of females in companies. Our study aimed to meta-analytically investigate controversial relationship between female on corporate boards and firm financial performance. Following a systematic literature search, data from 20 studies 3097 companies published peer-reviewed academic journals were included meta-analysis. On average, consisted eight members participation was low (mean 14%) all studies. Half based developing countries 62% higher income countries. According random-effects model, overall mean weighted correlation percentage performance small non-significant (r = .01, 95% confidence interval: -.04, .07). Similar effect sizes observed when comparing vs. developed lower The board size not related These results indicate that mere is if other factors are considered. We conclude our with discussion its implications limitations.