Women in Top Management: Performance of Firms and Open Innovation

Journal of Open Innovation: Technology, Market and Complexity

Nausheen Syed¹  Alia Qadir²  Gulzar Ahmad³  Muhammad Rizwan Ullah⁴  Safdar Husain Tahir⁴ 

[1] Department of Business Administration, Government College Women University Faisalabad, Faisalabad-38000, Pakistan;Department of Management Sciences, Riphah International University Faisalabad Campus, Faisalabad-38000, Pakistan;Department of Psychology, Lahore Garrison University, Lahore-54792, Pakistan;Lyallpur Business School, Government College University Faisalabad, Faisalabad-38000, Pakistan;

关键词: women;    top management;    risk;    stability;    performance;    feminism;   

DOI  :  10.3390/joitmc7010087

来源: DOAJ

【 摘 要 】

The lack of women’s presence in firms’ top management positions reflects gender equity problems, especially in South Asia, including Pakistan, and contours a firm’s financial behavior. Based on the underpinning of the conceptual framework developed by a combination of fourteen femininity theories, the current study investigates women’s induction in top management and its impact on a firm’s financial behavior. We collected data from annual reports of 60 non-financial firms listed at the Pakistan Stock Exchange (PSX) for 2013–2019. The study uses the return of assets (ROA), firm’s stability (FSTB), and risk-taking behavior (RTB) as dependent variables. Meanwhile, board gender diversity (BGD), female CEO (FCEO), female director-general (FDG), and female in audit committee (FIAC) are taken as independent variables. A multiple regression diagnostics approach is applied to analyze the data. The study reveals the positive impact of BGD on ROA and FSTB. However, this effect is adverse to RTB. The FIAC shows a positive (negative) impact on ROA (RTB). It also finds a negative impact of FCEO and FDG on ROA and FSTB.

【 授权许可】

Unknown