Firm Performance and Boardroom Gender Diversity: A Quantile Regression Approach

2016 ◽  
Author(s):  
Martin J. Conyon ◽  
Lerong He
Keyword(s):  
Firm Performance ◽  
Quantile Regression ◽  
Gender Diversity ◽  
Regression Approach

scholarly journals Political connections and firm performance: Further evidence using a generalised quantile regression approach

2021 ◽  
Author(s):  
Faisal Shahzad ◽  
Asif Saeed ◽  
Ghanzafar Ali Asim ◽  
Fiza Qureshi ◽  
Ijaz Ur Rehman ◽  
...  
Keyword(s):  
Firm Performance ◽  
Quantile Regression ◽  
Political Connections ◽  
Regression Approach

Gender diversity and financial performance in an emerging economy: empirical evidencefrom India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Santi Gopal Maji ◽  
Rupjyoti Saha
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Quantile Regression ◽  
Regression Model ◽  
Financial Performance ◽  
Positive Impact ◽  
Gender Diversity ◽  
Content Type ◽  
Quantile Regression Model ◽  
The Impact

Purpose 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/approach The 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. Findings This 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/value The 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.

scholarly journals Does Board Gender Diversity Make a Difference? New Evidence from Quantile Regression Analysis

2018 ◽  
Vol 20 (2) ◽  
pp. 95-106 ◽  
Author(s):  
Rey Dang ◽  
Duc Khuong Nguyen
Keyword(s):  
Firm Performance ◽  
Quantile Regression ◽  
Gender Diversity ◽  
Jel Classification ◽  
Performance Measure ◽  
Quantile Regression Analysis ◽  
Dynamic Perspective ◽  
Board Gender Diversity ◽  
Measure Of Performance ◽  
The Impact

This article examines the link between board gender diversity and firm performance from a dynamic perspective through quantile regression, which allows us to capture the potential impact of female representation at different points of the distributions of the performance measure. Our results from a panel of French listed companies (SBF 120) show that the impact of board gender diversity on firm performance differs across quantiles and depends on the measure of performance under consideration. Typically, board gender diversity affects negatively the Tobin’s Q and positively the return on asset when these variables are high and low, respectively. JEL classification: G30; G34; J16

scholarly journals Employee Stock Option Plan and Firm Performance: A Quantile Regression Approach

2016 ◽  
Vol 6 (6) ◽  
pp. 152-166
Author(s):  
Koustubh Kanti Ray
Keyword(s):  
Firm Performance ◽  
Quantile Regression ◽  
Financial Performance ◽  
Positive Impact ◽  
Early Stage ◽  
Stock Option ◽  
Company Performance ◽  
Employee Stock Option ◽  
Regression Approach ◽  
Direct Linkage

The study attempts to investigate the effect of employee stock option plans (ESOPs) on the financial performance of Indian non-finance companies. The study employed the quantile regression (QR) model to examine the effect of ESOP on the financial performance of sample companies. The empirical findings suggest that the effect of equity-based payment is positive at the higher performance levels. This indicates that the firms adopted stock-based compensation schemes in their early stage of growth may cause a declining financial performance in compared to the matured firms. Moreover, the findings indicate that the industry plays a significant role in deciding the equity-based compensation and depict a positive impact of ESOP on firm performance. The employee based compensation is also found to be positively associated with the company performance, while the performance is measured through market measures. The findings may be attributed due to the direct linkage of equity-based option schemes to the market performance measures.

Sign in / Sign up

Export Citation Format

Share Document