Is national governance quality a key moderator of the boardroom gender diversity-firm performance relationship? International evidence from a multi-hierarchical analysis

被引：34

作者：

Tuan Nguyen ^{[1
]}

An Nguyen ^{[1
]}

Mau Nguyen ^{[1
]}

Thuyen Truong ^{[1
]}

机构：

[1] Dalat Univ, Fac Econ & Business Adm, 01 Phu Dong Thien Vuong St, Dalat City, Lamdong Provinc, Vietnam

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2021年 / 73卷

关键词：

Boardroom gender diversity; Corporate governance; Firm performance; National governance; CORPORATE GOVERNANCE; WOMEN DIRECTORS; UPPER ECHELONS; AGENCY COSTS; OWNERSHIP; COUNTRY; REPRESENTATION; MANAGEMENT; SIZE; ORGANIZATION;

D O I：

10.1016/j.iref.2021.01.013

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This research argues that the inconclusive evidence on the board gender diversity?firm performance relationship across nations may be due to the moderating effect of national governance quality. Applying a multi-hierarchical modeling technique on a dataset containing 15,051 firm year observations from 2931 companies in 46 countries, the results generally confirm this Hypothesis. Specifically, board gender diversity only seems to positively affect the performance of companies operating in countries with above-average levels of national governance quality. The effect of gender diversity on firm performance decreases and turns negative as national governance quality drops. The results are robust to different measures of national governance quality and firm performance, changes in methods of estimation, changes in sample structure, and tokenism.

引用

页码：370 / 390

页数：21

共 86 条

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