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Descripción
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| One of the most important corporate governance controls widely studies the role performed by the Board of Directors and its consequences on the financial performance of companies. Different approaches analyse how a firm can improve its financial future and today parity on boards of directors represents a new research line. The presence of female counsellors may depend on legal and cultural approaches. As the institutional theory establishes, firms must be adapted to the countries where they operate in order to success when accessing financial markets. In this respect, the aim of this paper is adding a new line of research based on whether a listed company operates in multiple countries or not and analyses the linkage between the multinational character of a company, the gender diversity of the board and the financial performance of the firm. This paper focuses on 124 Spanish listed companies from 2012 to 2014. Members of the Board and gender data were obtained from corporate governance reports, while financial performance indicators were obtained from the data base SABI. Simple regression tests are used in order to validate or not the hypothesis of this paper. The results show that the multinational characteristic of listed companies has no effect on gender diversity but that gender has a negative relationship with the financial performance of these firms. More research is needed to set why gender diversity is useful or not for companies in order to achieve a better financial performance. Our study also opens various lines of future research. | |
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Internacional
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Si |
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JCR del ISI
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Si |
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Título de la revista
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Transylvanian Review |
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ISSN
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1221-1249 |
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Factor de impacto JCR
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0,03 |
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Información de impacto
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Volumen
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XXIV, |
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DOI
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Número de revista
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16 |
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Desde la página
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3598 |
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Hasta la página
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3610 |
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DICIEMBRE |
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Ranking
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