Women on boards and firm performance in Turkey: a case study of the Istanbul Stock Exchange
INTERNATIONAL JOURNAL OF INNOVATION AND LEARNING, cilt.34, sa.1, ss.19-35, 2023 (ESCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 34 Sayı: 1
- Basım Tarihi: 2023
- Dergi Adı: INTERNATIONAL JOURNAL OF INNOVATION AND LEARNING
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus, FRANCIS, Aerospace Database, Communication Abstracts, EBSCO Education Source, Educational research abstracts (ERA), Geobase, INSPEC, Library, Information Science & Technology Abstracts (LISTA), Metadex, Civil Engineering Abstracts
- Sayfa Sayıları: ss.19-35
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Ankara Üniversitesi Adresli: Evet
Özet
Abstract: The aim of this study is to examine the relationship of women on
boards and firm performance. The research is based on the BIST-100 Index that
consists of the 100 largest and most traded stocks from various sectors in
Turkey. Data were collected from annual reports and company disclosures
covering the 12-year period of 2010–2021. Using STATA software, we used a
dynamic panel regression to test the effect of women on boards via two
different company performance indicators as return of assets (ROA) and return
of equity (ROE). The results have indicated that there is not any significant
relationship between board gender diversity and measured firm performance
indicators. Also, the significant role of board diversity on the firm performance
in terms of education and learning is examined. As a conclusion, possible
theoretical and implicational explanations are provided.
Keywords: gender diversity; gender inequality; innovation and learning;
women on board; Istanbul Stock Exchange; Turkey.