{"title":"THE ROLE OF FEMALE EXECUTIVES ON CORPORATE GOVERNANCE CONFORMITY: A CROSS-SECTIONAL ANALYSIS IN AN EMERGENT MARKET","authors":"Tatiana Dănescu, Maria-Alexandra Popa","doi":"10.3846/jbem.2022.17164","DOIUrl":null,"url":null,"abstract":"Previous studies have shown the importance of gender diversity for good corporate governance, although in developing countries a gap is observed in correlating compliance with corporate governance principles and board composition. Our study examines the influence of the board composition, including female executives, on compliance with the corporate governance code of companies listed on the Bucharest Stock Exchange. By analysing data collected from the annual reports (corporate governance statements, financial statements) of 63 companies listed on the Romanian capital market between 2016 and 2019 (divided into two panels depending on the listing tier – Premium and Standard), we identified a positive relationship between female executive and the degree of compliance with the Corporate Governance Code. The national majority capital positively and significantly influences the compliance of companies with female executives listed in the Standard Tier with the Code, while the private majority capital negatively influences the compliance of the companies regardless the listing tier. Our study highlights the importance of female executives in the corporate governance of listed companies on the Romanian capital market and brings empirical contribution to the literature development on a newly declared emerging market.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"9 1","pages":""},"PeriodicalIF":2.6000,"publicationDate":"2022-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business Economics and Management","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.3846/jbem.2022.17164","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 1
Abstract
Previous studies have shown the importance of gender diversity for good corporate governance, although in developing countries a gap is observed in correlating compliance with corporate governance principles and board composition. Our study examines the influence of the board composition, including female executives, on compliance with the corporate governance code of companies listed on the Bucharest Stock Exchange. By analysing data collected from the annual reports (corporate governance statements, financial statements) of 63 companies listed on the Romanian capital market between 2016 and 2019 (divided into two panels depending on the listing tier – Premium and Standard), we identified a positive relationship between female executive and the degree of compliance with the Corporate Governance Code. The national majority capital positively and significantly influences the compliance of companies with female executives listed in the Standard Tier with the Code, while the private majority capital negatively influences the compliance of the companies regardless the listing tier. Our study highlights the importance of female executives in the corporate governance of listed companies on the Romanian capital market and brings empirical contribution to the literature development on a newly declared emerging market.
期刊介绍:
The Journal of Business Economics and Management is a peer-reviewed journal which publishes original research papers. The objective of the journal is to provide insights into business and strategic management issues through the publication of high quality research from around the world. We particularly focus on research undertaken in Western Europe but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research: Global Business Transition Issues Economic Growth and Development Economics of Organizations and Industries Finance and Investment Strategic Management Marketing Innovations Public Administration.