Women directors and firm performance: Malaysian evidence post policy announcement

摘要: In 2011, the Malaysian cabinet approved policy that all board of directors companies listed on Bursa Malaysia should consist 30 per cent women in decision-making positions by year 2016. The purpose this paper is to examine association between presence and firms’ performance following introduction diversity policy.,The analysis uses information top 200 public for financial 2011–2013. multiple regression used estimate relationship firm (return assets (ROA)) as dependent variable independent variables.,The results show during period under study, proportion negatively correlated with ROA. This indicates may not be number board. However, study also academic backgrounds members add some value toward generating better performance.,A small sample size only was utilised. Consequently outcome generalisable smaller or private firms. Another limitation regarding period. Taking one before after policy’s approval too short early impact policy. Future studies could a longer period.,The findings encourage appoint necessary qualities simply increase boards.,There lack work studying women’s effectiveness developing countries, whereby previous literature review were predominantly based upon experience Western economies. thus, contributes rising member representation Malaysia.