Gender Diversity and Firms’ Financial Performance in Malaysiaand Big4 Effect on Audit Quality: Evidence from South Korea

Main Article Content

Irean Yap Lee-Kuen
Chan Sok-Gee
Rozaimah Zainudin

Abstract

This study aims to investigate the relationship between gender diversity in a firm’s board of directors and financial performance of firms listed on Bursa Malaysia for the period between 2009 and 2013. Using unbalanced panel data analysis, we tested whether gender diversity in the boardroom may influence the firm’s performance, as measured by Tobin’s Q. We employed four different proxies for gender diversity (the dummy variable for women, the percentage of women on the board, the Blau index, and the Shannon index) to provide a more comprehensive measure of gender diversity. This study suggests that a higher degree of female representation on the board increases a firm’s financial performance. Positive discrimination favouring female boardroom appointment is therefore likely to persist as a feature of the corporate governance landscape in Malaysia.

Article Details

How to Cite
Gender Diversity and Firms’ Financial Performance in Malaysiaand Big4 Effect on Audit Quality: Evidence from South Korea. (2017). Asian Academy of Management Journal of Accounting and Finance, 13(1), 41–62. https://doi.org/10.21315/aamjaf2017.13.1.2
Section
Articles