Does board gender diversity impact financial performance? Evidence from the Indian IT sector

IF 3.1 Q2 BUSINESS
Jagvinder Singh, Shubham Singhania, Deepti Aggrawal
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引用次数: 14

Abstract

Purpose This study aims to evaluate the impact of gender diversity on corporate boards on firms’ financial performance in the context of the Indian information and technology (IT) sector. The Companies Act 2013 brought forth mandatory provisions for the appointment of women directors for a certain class of companies. This study explores the case of board gender diversity in the Indian IT sector’s unique setting. Design/methodology/approach The study uses a fixed effect panel data regression model to achieve its objectives. Two widely used diversity measures, Blau Index and Shannon Index, have been used to enhance the robustness of the results. Findings The results of the study indicate an insignificant relationship between gender diversity and firms’ financial performance. Even the diversity indices portray insignificant results confirming the outcomes of the study. The study indicates that IT sector firms have not been able to leverage the benefits of board gender diversity. Research limitations/implications The results of the study have important policy implications for the government, regulatory bodies and corporates. The outcomes point out that the benefits that could have accrued based on the diversity aspect could not be harnessed, as the women’s representation on corporate boards is extremely low. Policymakers and government shall focus on devising stringent laws so that better representation of women directors can be used for the interests of the firms. Originality/value The study is an attempt to fill the gap in the extant literature which has a scarce number of studies conducted in the unique setting of the IT sector (both in developed and developing economies). To the best of the authors’ knowledge, this is the first study on the influence of board gender diversity in the IT sector of a developing economy, backed by socio-cultural reasons.
董事会性别多样性会影响财务绩效吗?来自印度IT行业的证据
本研究旨在评估印度信息和技术(IT)行业背景下公司董事会性别多样性对公司财务绩效的影响。《2013年公司法》对某些类型的公司任命女性董事提出了强制性规定。本研究探讨了印度IT行业独特环境下董事会性别多样性的情况。设计/方法/方法本研究采用固定效应面板数据回归模型来实现其目标。为了提高结果的稳健性,采用了两种广泛使用的多样性度量,即Blau指数和Shannon指数。研究结果表明,性别多样性与公司财务绩效之间的关系不显著。甚至多样性指数描绘的结果也不重要,证实了研究的结果。研究表明,IT行业的公司未能充分利用董事会性别多样性带来的好处。研究局限/启示研究结果对政府、监管机构和企业具有重要的政策启示。研究结果指出,由于女性在公司董事会中的比例极低,基于多样性方面可能产生的好处无法得到利用。政策制定者和政府应注重制定严格的法律,以便更好地利用女性董事的代表性来维护公司的利益。原创性/价值本研究试图填补现有文献中的空白,这些文献在IT部门的独特环境中(包括发达经济体和发展中经济体)进行了大量研究。据作者所知,这是第一个基于社会文化原因,对发展中经济体IT行业董事会性别多样性影响的研究。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.60
自引率
18.80%
发文量
35
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