Access the full text.
Sign up today, get DeepDyve free for 14 days.
Stephane Heritier, Eva Cantoni, S. Copt, Maria-Pia Victoria-Feser (2001)
Generalized Linear ModelsTechnometrics, 43
Journal of Business Research, 79
Niclas Erhardt, J. Werbel, Charles Shrader (2003)
Board of Director Diversity and Firm Financial PerformanceCorporate Finance: Governance
C. Shannon (1948)
A mathematical theory of communicationBell Syst. Tech. J., 27
John Delery, D. Doty (1996)
Modes of theorizing in strategic human resource management: Tests of universalistic, contingency, and configurational performance predictionsAcademy of Management Journal, 39
C. Barmeyer, E. Davoine (2019)
Facilitating intercultural negotiated practices in joint ventures: The case of a French–German railway organizationInternational Business Review
Manish Popli, Radha Ladkani, Ajai Gaur (2017)
Business group affiliation and post-acquisition performance: An extended resource-based viewJournal of Business Research, 81
Nan Jia, Jing Shi, Yongxiang Wang (2012)
Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging MarketCorporate Governance: Internal Governance
Caspar Rose (2007)
Does Female Board Representation Influence Firm Performance? The Danish EvidenceIO: Empirical Studies of Firms & Markets eJournal
A. Hillman, C. Shropshire, Albert Cannella (2007)
Organizational Predictors of Women on Corporate BoardsAcademy of Management Journal, 50
Irean Lee-Kuen, Chan Sok-gee, Rozaimah Zainudin (2017)
Gender Diversity and Firms’ Financial Performance in MalaysiaAsian Academy of Management Journal of Accounting and Finance, 13
P. Jiraporn, Manohar Singh, Chun Lee (2009)
Ineffective corporate governance: Director busyness and board committee memberships.Journal of Banking and Finance, 33
April Klein (1998)
Firm Performance and Board Committee Structure1The Journal of Law and Economics, 41
Nuria Reguera‐Alvarado, P. Fuentes, J. Laffarga (2015)
Does Board Gender Diversity Influence Financial Performance? Evidence from SpainJournal of Business Ethics, 141
Paolo Ghisletta, D. Spini (2004)
An Introduction to Generalized Estimating Equations and an Application to Assess Selectivity Effects in a Longitudinal Study on Very Old IndividualsJournal of Educational and Behavioral Statistics, 29
P. Budhwar, Debi Saini, Jyotsna Bhatnagar (2005)
Women in Management in the New Economic Environment: The Case of IndiaAsia Pacific Business Review, 11
R. Aggarwal, Varun Jindal, R. Seth (2019)
Board diversity and firm performance: The role of business group affiliationInternational Business Review
The Journal of Business, 78
D. Augustine, Chris Wheat, Kisha Jones, M. Baraldi, C. Malgwi (2016)
Gender diversity within the workforce in the microfinance industry in Africa: Economic performance and sustainabilityCanadian Journal of Administrative Sciences-revue Canadienne Des Sciences De L Administration, 33
Muhammad Ali, A. Konrad (2017)
Antecedents and consequences of diversity and equality management systems: The importance of gender diversity in the TMT and lower to middle management
Jin Shin, Sang Kim (2006)
A Mathematical Theory of Communication
Joseph Darko, Z. Aribi, G. Uzonwanne (2016)
Corporate governance: the impact of director and board structure, ownership structure and corporate control on the performance of listed companies on the Ghana stock exchangeCorporate Governance, 16
E. Fama, M. Jensen (1983)
Separation of Ownership and ControlThe Journal of Law and Economics, 26
Yishay Yafeh, T. Khanna (2000)
Business Groups and Risk Sharing Around the WorldCorporate Finance and Organizations eJournal
Deborah Hicks‐Clarke, P. Iles (2000)
Climate for diversity and its effects on career and organisational attitudes and perceptionsPersonnel Review, 29
K. Ahern, Amy Dittmar (2011)
The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board RepresentationCorporate Governance & Law eJournal
Christopher Wheeler (2001)
Search, Sorting, and Urban AgglomerationJournal of Labor Economics, 19
M. Wintoki, James Linck, Jeffry Netter (2011)
Endogeneity and the Dynamics of Internal Corporate GovernanceCorporate Governance II
Renée Adams, Daniel Ferreira (2008)
Women in the Boardroom and Their Impact on Governance and PerformanceEuropean Finance
Kevin Campbell, A. Mínguez‐Vera (2008)
Gender Diversity in the Boardroom and Firm Financial PerformanceJournal of Business Ethics, 83
Ajai Gaur, Vikas Kumar (2008)
International Diversification, Business Group Affiliation and Firm Performance: Empirical Evidence from IndiaEmerging Markets: Economics
Deeksha Singh, Ajai Gaur (2013)
Governance Structure, Innovation and Internationalization: Evidence from IndiaEconometric Modeling: Corporate Finance & Governance eJournal
Colin Green, Swarnodeep Homroy (2017)
Female Directors, Board Committees and Firm PerformanceERN: Other European Economics: Microeconomics & Industrial Organization (Topic)
R. Koenker (2004)
Quantile regression for longitudinal dataJournal of Multivariate Analysis, 91
P. Wright, Gary Mcmahan (1992)
Theoretical Perspectives for Strategic Human Resource ManagementJournal of Management, 18
Neeraj Dwivedi, A. Jain (2005)
Corporate Governance and Performance of Indian Firms: The Effect of Board Size and OwnershipEmployee Responsibilities and Rights Journal, 17
W. Pan (2001)
Akaike's Information Criterion in Generalized Estimating EquationsBiometrics, 57
M. Arellano (2002)
Sargan's Intrumental Variables Estimation and the Generalized Method of MomentsJournal of Business & Economic Statistics, 20
Journal of Econometrics, 87
Journal of Financial Economics, 3
H. Ahmed, Tanisha Bukth (2019)
Effect of Employee Diversity on Firm Performance in BangladeshFrontiers in Management Research
H. Abdullah (2009)
Fundamental and Ethics Theories of Corporate Governance
Marianne Bertrand, Kevin Hallock (2000)
The Gender Gap in Top Corporate JobsIndustrial & Labor Relations Review, 55
Journal of Financial Economics, 94
R. Blundell, Stephen Bond (1998)
Initial Conditions and Moment Restrictions in Dynamic Panel Data Models
P. Bothra (2019)
Gender inclusion: statistics reveal alarming data
Akshita Arora, C. Sharma (2016)
Corporate governance and firm performance in developing countries: evidence from IndiaCorporate Governance, 16
T. Cox, S. Blake (1991)
Managing cultural diversity: implications for organizational competitivenessThe Executive, 5
Rajashi Ghosh (2016)
Gender and Diversity in IndiaAdvances in Developing Human Resources, 18
Jungbin Hwang, Yixiao Sun (2015)
Should We Go One Step Further? An Accurate Comparison of One-Step and Two-Step Procedures in a Generalized Method of Moments FrameworkERN: Hypothesis Testing (Topic)
S. Jackson, Aparna Joshi (2004)
Diversity in social context: a multi-attribute, multilevel analysis of team diversity and sales performanceJournal of Organizational Behavior, 25
Stephen Bond (2002)
Dynamic panel data models: a guide to micro data methods and practicePortuguese Economic Journal, 1
M. Solakoğlu (2013)
The role of gender diversity on firm performance: a regression quantile approachApplied Economics Letters, 20
A. Herdman, Amy McMillan-Capehart (2010)
Establishing a Diversity Program is Not Enough: Exploring the Determinants of Diversity ClimateJournal of Business and Psychology, 25
Marianne Bertrand, Paras Mehta, S. Mullainathan (2000)
Ferreting Out Tunneling: An Application to Indian Business GroupsCorporate Finance: Governance
(1997)
Productive diversity: a new
Review of Financial Studies, 28
B. Jackling, Shireenjit Johl (2009)
Board Structure and Firm Performance: Evidence from India's Top CompaniesCorporate Governance: An International Review, 17
Journal of Econometrics, 207
Yu Liu, Zuobao Wei, Feixue Xie (2014)
Do Women Directors Improve Firm Performance in ChinaJournal of Corporate Finance, 28
European Economic Review, 102
The Quarterly Journal of Economics, 127
D. Carter, Frank D’souza, B. Simkins, W. Simpson (2010)
The Gender and Ethnic Diversity of US Boards and Board Committees and Firm Financial PerformanceIO: Firm Structure
J. Wolfe, A. Sauaia (2003)
The Tobin q as a company performance indicatorDevelopments in Business Simulation and Experiential Learning, 30
The Quarterly Journal of Economics, 117
Tu Le, Thanh Ngo (2020)
The determinants of bank profitability: A cross-country analysisCentral Bank Review
M. Rizwan, Mula Khan, Babar Nadeem (2016)
The Impact of Workforce Diversity Towards Employee Performance: Evidence from Banking Sector of Pakistan
Kangtao Ye, Ran Zhang, Z. Rezaee (2010)
Does top executive gender diversity affect earnings quality? A large sample analysis of Chinese listed firmsAdvances in Accounting, 26
Deeksha Singh, Ajai Gaur (2009)
Business Group Affiliation, Firm Governance, and Firm Performance: Evidence from China and IndiaEmerging Markets: Economics eJournal
M. Kremer, E. Maskin (1996)
Wage Inequality and Segregation by SkillNBER Working Paper Series
Michael Jensen, W. Meckling (1976)
Theory of the Firm
C. Armstrong, P. Flood, J. Guthrie, Wenchuan Liu, S. MacCurtain, Thadeus Mkamwa (2010)
The impact of diversity and equality management on firm performance: Beyond high performance work systemsHuman Resource Management, 49
M. Bendick, M. Egan, Louis Lanier (2010)
The business case for diversity and the perverse practice of matching employees to customersPersonnel Review, 39
A. Colli, Asli Colpan (2016)
Business Groups and Corporate Governance: Review, Synthesis, and ExtensionCorporate Governance & Finance eJournal
The Journal of Finance, 55
S. Kundu, A. Mor (2017)
Workforce diversity and organizational performance: a study of IT industry in IndiaEmployee Relations, 39
Journal of the Royal Statistical Society: Series A (General), 135
Management Science, 59
J. Sarkar, Subrata Sarkar (2008)
Debt and Corporate Governance in Emerging Economies Evidence from IndiaCorporate Finance: Capital Structure & Payout Policies eJournal
S. Rogelberg, Steven Rumery (1996)
Gender Diversity, Team Decision Quality, Time on Task, and Interpersonal CohesionSmall Group Research, 27
K. Liang, S. Zeger (1986)
Longitudinal data analysis using generalized linear modelsBiometrika, 73
R. Koenker, G. Bassett (2007)
Regression Quantiles
M. Conyon, Lerong He (2017)
Firm Performance and Boardroom Gender Diversity: A Quantile Regression ApproachCorporate Finance: Governance
National Bureau of Economic Research
O. Richard, D. Ford, K. Ismail (2006)
Exploring the performance effects of visible attribute diversity: the moderating role of span of control and organizational life cycleThe International Journal of Human Resource Management, 17
D. Gladstein, N. Reilly (1985)
Group Decision Making Under Threat: The Tycoon GameAcademy of Management Journal, 28
M. Arellano, Stephen Bond (1991)
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment EquationsThe Review of Economic Studies, 58
Moshe Buchinsky (1998)
Recent Advances in Quantile Regression Models: A Practical Guideline for Empirical ResearchJournal of Human Resources, 33
Frances Milliken, L. Martins (1996)
Searching for Common Threads: Understanding the Multiple Effects of Diversity in Organizational GroupsAcademy of Management Review, 21
D. Low, Helen Roberts, R. Whiting (2015)
Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and SingaporePacific-basin Finance Journal, 35
T. Khanna, K. Palepu (1996)
Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business GroupsCorporate Finance and Organizations eJournal
G. Duppati, N. Rao, Neha Matlani, F. Scrimgeour, D. Patnaik (2020)
Gender diversity and firm performance: evidence from India and SingaporeApplied Economics, 52
This paper aims to examine the impact of gender diversity both at operational and leadership levels on the financial performance of firms in India.Design/methodology/approachThe study is based on a panel data set of 100 large Indian corporate firms. This study uses the Blau index and Shannon index to compute gender diversity. First, this paper uses system generalized method of moments model to deal with the potential endogeneity issue in the association between gender diversity and firm performance. Second, to unveil heterogeneity in such a relationship, the study applies panel data quantile regression model. Finally, the study adopts a generalized estimating equation model to investigate such relationships for group affiliated and standalone firms.FindingsThis study finds a significant positive impact of workforce gender diversity and board gender diversity on the financial performance of firms. Further, the results of the quantile regression model indicate that the impact of gender diversity (workforce and board) on firm performance is more pronounced at higher quantiles of the conditional distribution of firm performance. However, the study fails to extricate any significant impact of audit committee gender diversity on firm performance. Finally, the study also finds a significant positive impact of gender diversity at both workforce and board level for a group affiliated, as well as standalone firms.Originality/valueThe present study makes a novel contribution to the extant literature on the association between gender diversity and financial performance of firms by examining such diversity at both operational and leadership levels in the context of an emerging country such as India that captures the complex realities pertaining to gender issues. Further, the study contributes to the empirical literature regarding the heterogeneous impact of gender diversity on firm performance in the Indian context.
Management Research Review – Emerald Publishing
Published: Nov 30, 2021
Keywords: Firm performance; Corporate governance; Board gender diversity; Audit committee gender diversity; System GMM model; Quantile regression model; Workforce gender diversity; G30; G34; J16
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.