Board Diversity and Firm Performance: An Analysis Based on Fixed Effects Model
DOI:
https://doi.org/10.54691/bcpbm.v27i.1945Keywords:
board diversity; firm performance; audit quality.Abstract
The purpose of this paper is to investigate the effect of board diversity on firm performance. In particular, this research focus on the correlation between the performance and the proportion of female directors or managers in the company. This article use data from China’s stock market to conduct a regression analysis. The results indicate that firm performance improves with a higher proportion of female directors. The result still holds after a series of robustness checks. This paper provides some insights to understand the impact of board diversity and the role of females on the development of listed firms and the economy.
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