Women on Corporate Boards and Financial Performance in Fast-Emerging Markets: Insights from Malaysia
In this study, we focus on the relation between female representation on boards of directors and firm financial performance based on evidence from 100 publicly listed firms in Malaysia from 2010 to 2014. Our findings indicate that the presence of at least one female director on the board is positively associated with firm financial performance. However, we find no statistically significant link between having a higher proportion of female directors or the presence of a female CEO-chair on financial performance.
Key wordsFemale board participation Emerging economy firm boards Board diversity Corporate governance
We would like to thank the guest editors and anonymous reviewers for their constructive comments and suggestions that helped shape this chapter. We would also like to acknowledge the Research Training Program (formerly known as International Post Graduate Research Scholarship) for their generously supporting Doctoral program of Abdullah Al Mamun during this project.
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