Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Board Gender Diversity and Firm Performance: Evidence from China

Authors
Jiabo Fan1, *,a, †, Haochen Wang2, *, b, †, Ziqi Xu3, *, c, †, Fanrui Zhao4, *, d, †
1School of International Trade and Economics, Central university of finance of economics
2School of Science, Beijing Forestry University
3School of Accounting, Central university of finance of economics
4School of Science, Xi’an Jiaotong-Liverpool University
†

These authors contributed equally.

*Corresponding authors. Email: a2018310967@cufe.edu.cn
Corresponding Authors
Jiabo Fan, Haochen Wang, Ziqi Xu, Fanrui Zhao
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.425How to use a DOI?
Keywords
Board gender diversity; firm performance; corporate governance; China
Abstract

This paper examines the impact of board gender diversity on firm performance. Based on the data of Chinese listed companies, we find that, first, there exists a significant positive effect of board gender diversity on firm performance. The result still holds after a series of robustness checks, such as using the next period of the independent variable to address the reverse causality problem, and adding more control variables into the regression models. In addition, our empirical results also indicate that the gender diversity effect on firm performance are more pronounced in firms with weaker corporate governance mechanisms, such as firms not audited by the international big four auditors. The findings provide notions to understand the role of board gender diversity and female directors in the developing markets better.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.425How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Jiabo Fan
AU  - Haochen Wang
AU  - Ziqi Xu
AU  - Fanrui Zhao
PY  - 2022
DA  - 2022/03/26
TI  - Board Gender Diversity and Firm Performance: Evidence from China
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2610
EP  - 2616
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.425
DO  - 10.2991/aebmr.k.220307.425
ID  - Fan2022
ER  -