The power of board size and gender diversity on the value of companies listed on emerging markets
<p dir="ltr">The main aim of this empirical paper is to examine the impact of board size and gender diversity on the firm value of 354 non-financial firms listed on the Gulf Cooperation Council (GCC). The vital importance of this paper is to shed light on the presence of female direc...
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2023
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| _version_ | 1864513530467713024 |
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| author | Antoine B. Awad (17541645) |
| author2 | Bashar Abu Khalaf (17541639) Aisha Afzal (17541696) |
| author2_role | author author |
| author_facet | Antoine B. Awad (17541645) Bashar Abu Khalaf (17541639) Aisha Afzal (17541696) |
| author_role | author |
| dc.creator.none.fl_str_mv | Antoine B. Awad (17541645) Bashar Abu Khalaf (17541639) Aisha Afzal (17541696) |
| dc.date.none.fl_str_mv | 2023-09-15T03:00:00Z |
| dc.identifier.none.fl_str_mv | 10.22495/clgrv5i2p14 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/The_power_of_board_size_and_gender_diversity_on_the_value_of_companies_listed_on_emerging_markets/24717333 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Business systems in context Strategy, management and organisational behaviour Economics Econometrics Firm Value Fixed Effect Gender Diversity Board Size Firm Size Profitability Leverage Tobin’s Q |
| dc.title.none.fl_str_mv | The power of board size and gender diversity on the value of companies listed on emerging markets |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">The main aim of this empirical paper is to examine the impact of board size and gender diversity on the firm value of 354 non-financial firms listed on the Gulf Cooperation Council (GCC). The vital importance of this paper is to shed light on the presence of female directors on the boards of directors in the GCC. This empirical paper applied several estimation techniques such as ordinary least squares (OLS) and panel regression (fixed & random effect) on a dataset that is extracted from the Refinitiv Eikon platform for the period 2010–2022. This investigation controlled for firm age, firm size, profitability, and leverage in the model developed. The significant result of the Hausman test approved the results of the fixed effect model which reveals that gender diversity, firm size, profitability, leverage, and board size significantly positively impact the firm value, unlike the firm age which appeared to be statistically insignificant. The results imply that the larger the board size and the higher the presence of women on the boards of directors in the GCC region, the better the profitability. This indeed recommends the decision takers include more members especially women in the decision-making process.</p><h2>Other Information</h2><p dir="ltr">Published in: Corporate Law and Governance Review<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.22495/clgrv5i2p14" target="_blank">https://dx.doi.org/10.22495/clgrv5i2p14</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_662d96dffc5e6948cf57b34a2f8c04b7 |
| identifier_str_mv | 10.22495/clgrv5i2p14 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24717333 |
| publishDate | 2023 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | The power of board size and gender diversity on the value of companies listed on emerging marketsAntoine B. Awad (17541645)Bashar Abu Khalaf (17541639)Aisha Afzal (17541696)Commerce, management, tourism and servicesBusiness systems in contextStrategy, management and organisational behaviourEconomicsEconometricsFirm ValueFixed EffectGender DiversityBoard SizeFirm SizeProfitabilityLeverageTobin’s Q<p dir="ltr">The main aim of this empirical paper is to examine the impact of board size and gender diversity on the firm value of 354 non-financial firms listed on the Gulf Cooperation Council (GCC). The vital importance of this paper is to shed light on the presence of female directors on the boards of directors in the GCC. This empirical paper applied several estimation techniques such as ordinary least squares (OLS) and panel regression (fixed & random effect) on a dataset that is extracted from the Refinitiv Eikon platform for the period 2010–2022. This investigation controlled for firm age, firm size, profitability, and leverage in the model developed. The significant result of the Hausman test approved the results of the fixed effect model which reveals that gender diversity, firm size, profitability, leverage, and board size significantly positively impact the firm value, unlike the firm age which appeared to be statistically insignificant. The results imply that the larger the board size and the higher the presence of women on the boards of directors in the GCC region, the better the profitability. This indeed recommends the decision takers include more members especially women in the decision-making process.</p><h2>Other Information</h2><p dir="ltr">Published in: Corporate Law and Governance Review<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.22495/clgrv5i2p14" target="_blank">https://dx.doi.org/10.22495/clgrv5i2p14</a></p>2023-09-15T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.22495/clgrv5i2p14https://figshare.com/articles/journal_contribution/The_power_of_board_size_and_gender_diversity_on_the_value_of_companies_listed_on_emerging_markets/24717333CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/247173332023-09-15T03:00:00Z |
| spellingShingle | The power of board size and gender diversity on the value of companies listed on emerging markets Antoine B. Awad (17541645) Commerce, management, tourism and services Business systems in context Strategy, management and organisational behaviour Economics Econometrics Firm Value Fixed Effect Gender Diversity Board Size Firm Size Profitability Leverage Tobin’s Q |
| status_str | publishedVersion |
| title | The power of board size and gender diversity on the value of companies listed on emerging markets |
| title_full | The power of board size and gender diversity on the value of companies listed on emerging markets |
| title_fullStr | The power of board size and gender diversity on the value of companies listed on emerging markets |
| title_full_unstemmed | The power of board size and gender diversity on the value of companies listed on emerging markets |
| title_short | The power of board size and gender diversity on the value of companies listed on emerging markets |
| title_sort | The power of board size and gender diversity on the value of companies listed on emerging markets |
| topic | Commerce, management, tourism and services Business systems in context Strategy, management and organisational behaviour Economics Econometrics Firm Value Fixed Effect Gender Diversity Board Size Firm Size Profitability Leverage Tobin’s Q |