INCENTIVE SCHEMES AND FEMALE LEADERSHIP IN FINANCIAL FIRMS

Corporate Board: Role, Duties & Composition

关键词: ROA;    Corporate Governance;    Financial Firms;    Female Leadership;    CEO;   

DOI  :  10.22495/cbv9i1art4

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

Our purpose is to explore how performance in Swedish financial companies is affected by the presence of a female chief executive officer (CEO), the presence of an incentive scheme, and the proportion of female board members. The results indicate that a female CEO is associated with a lower return on equity (ROE) and a lower Tobin’s Q, but we find no significant association between the proportion of female board members and firm performance. An incentive scheme is generally associated with a lower return on assets (ROA) and a higher Tobin’s Q. In particular, a share-based incentive scheme is associated with a lower ROA, a lower ROE, and a higher Tobin’s Q.

【 授权许可】

CC BY-NC