scholarly journals Gender Diversity in Boardrooms and on Supervisory Boards and its Relation to Stock Prices

2020 ◽  
Vol 67 (2) ◽  
pp. 177-192
Author(s):  
Marie Ligocká
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Labour Force ◽  
Gender Diversity ◽  
Participation Rate ◽  
Publicly Traded ◽  
Labour Force Participation Rate ◽  
Publicly Traded Companies ◽  
Representation Of Women ◽  
Supervisory Boards

Despite the fact that the labour force participation rate of women declined in the company bodies of publicly traded companies in 2017, there has been a growing representation of women in these positions in Europe. The representation of women is important due to the use of available human resources, the improvement in the quality of human capital and the positive effect on economic development. Gender imbalance in the management and supervisory bodies of publicly traded companies can be associated with lower management effectiveness, a decision-making quality that can influence the business situation of companies, which could be related to stock price development. Thus, this paper is focuses on examining the relationship between gender diversity in boardrooms and on supervisory boards and the stock prices of selected European publicly traded companies. The results show that there are dissimilar relations between stock prices and gender variables among the sectors and countries analysed.

Examination of cybercrime and its effects on corporate stock value

2019 ◽  
Vol 17 (1) ◽  
pp. 42-60 ◽  
Author(s):  
Katherine Taken Smith ◽  
Amie Jones ◽  
Leigh Johnson ◽  
Lawrence Murphy Smith
Keyword(s):  
Cyber Security ◽  
Stock Prices ◽  
Stock Price ◽  
Preventive Measures ◽  
Market Price ◽  
Publicly Traded ◽  
Content Type ◽  
Publicly Traded Companies ◽  
Original Manuscript ◽  
The Impact

Purpose Cybercrime is a prevalent and serious threat to publicly traded companies. Defending company information systems from cybercrime is one of the most important aspects of technology management. Cybercrime often not only results in stolen assets and lost business but also damages a company’s reputation, which in turn may affect the company’s stock market value. This is a serious concern to company managers, financial analysts, investors and creditors. This paper aims to examine the impact of cybercrime on stock prices of a sample of publicly traded companies. Design/methodology/approach Financial data were gathered on companies that were reported in news stories as victims of cybercrime. The market price of the company’s stock was recorded for several days before the news report and several days after. The percentage change in the stock price was compared to the change in the Dow Jones Industrial average to determine whether the stock price increased or decreased along with the rest of the market. Findings Stock prices were negatively affected in all time periods examined, significantly so in one period. Practical implications This paper describes cases concerning cybercrime, thereby bringing attention to the value of cybersecurity in protecting computers, identity and transactions. Cyber security is necessary to avoid becoming a victim of cybercrime. Specific security improvements and preventive measures are provided within the paper. Preventive measures are generally less costly than repairs after a cybercrime. Originality/value This is an original manuscript that adds to the literature regarding cybercrime and preventive measures.

scholarly journals PENGARUH BEBERAPA RASIO KEUANGAN TERHADAP HARGA SAHAM, STUDY EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

2017 ◽  
pp. 89-108
Author(s):  
Abdonsius Sitanggang
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Publicly Traded ◽  
Dividend Payout ◽  
Return On Equity ◽  
Book Value ◽  
Publicly Traded Companies ◽  
Equity Ratio

This study wants to analyze the influence of fundamental factors on stock prices listed manufacturing in Indonesia Stock Exchange with the observation period Z004 to 2006. Fundamental analysis is used to assess the feasibility of investing in the stock because it can generate the variables that determine stock prices in the fitture. Valuation concept stocks with fitndamental analysis will yield information about whether a particular stock worth buying or not feasible, based on the opportunity to generate returns. To perform this analysis, it would require the company's financial data and other data related to the concept of stock valuation. One source of information that can be used is the company's financial statements. Pniecahan study focused on the issue of corporate fundamental factors jointly influence the stock price companies manufacturing in Indonesia Stock Exchange and what factors aflect the price of the most dominant share of manufacturing companies in Indonesia Stock Exchange. The study aimed to determine the influence of fundamental factors together (simultaneously) on stock prices of manufacturing companies in Indonesia Stock Exchange and to determine the factors that most influence the predominantly manufacturing company‘s stock price in the Indonesia Stock Exchange. The results showed that the six independent variables are return on equity (ROE), debt to equity ratio (DER), net book value (NVB), dividend payout ratio (DPR), dividend growth (GTH) and the expected rate of return (KS5) significantly influence the company's stock price is publicly traded on the Indonesia Stock Exchange with a coeflicient value of R-squared = 0.828758 and Adjusted R-squared = 0.821720 with 0.0000 significance. These results indicate that all six variables are taken into consideration appropriate to analyze the stock prices of publicly traded companies in Indonesia Stock Exchange. The most dominant factor affiecting the stock price of publicly traded companies in Indonesia Stock Exchange is the net book value (NBV) with kefisien value of 0.647716. The analysis of this study indicate that the parties - stakeholders should consider the variable return on equity (ROE), debt to equity ratio (DER), net book value (NVB), dividend payout ratio (DPR), dividend growth (GTH) and the expected benefits (KS5) in making decisions.

scholarly journals Gender Diversity in the Boardroom: Raising Questions About the "Comply or Explain" Model and Targets in Canada

2019 ◽  
Vol 9 (2) ◽  
Author(s):  
Rima Halabi
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Business Case ◽  
Gender Disparity ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Representation Of Women ◽  
Meta Analyses ◽  
Comply Or Explain

Effective corporate governance requires diversity in perspectives. Nevertheless, gender disparity continues to be a long-standing and prevalent problem on Canadian boards of directors and in executive roles. A “business case” argument that asserts that diverse leadership achieves better financial results has been put forward in support of rectifying gender disparity; however, recent meta-analyses research denies the validity of the “business case” argument. This paper argues that conclusions regarding the invalidity of the business case should be approached with caution. In 2014, securities regulators in Canada implemented amendments to Form 58-101F1 Corporate Governance Disclosure in order to address gender diversity. Unfortunately, progress has been slow because the new diversity disclosure rules are not based on a true “comply or explain” model. This paper argues that securities regulators should require publicly traded companies to adopt a policy relating to the representation of women on their boards. Furthermore, this policy should include a target percentage, chosen by the company, for women on a company’s board of directors and in their executive officer positions.

Boards of directors in Russian publicly traded companies: the gender aspect

2018 ◽  
pp. 142-155 ◽  
Author(s):  
T. A. Garanina ◽  
A. A. Muravyev
Keyword(s):  
Boards Of Directors ◽  
Company Performance ◽  
Corporate Boards ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Representation Of Women ◽  
Female Directors ◽  
Female Director ◽  
Gender Aspect ◽  
Longitudinal Dataset

This article studies the gender composition of corporate boards of Russian companies, including its relation to company performance. The analysis is based on a unique longitudinal dataset of virtually all Russian companies whose shares were traded on the stock market in 1998-2014. It shows a relatively small representation of women, just 12% of all the seats, while about 40% of the companies did not have any female director. At the same time, both the share of companies that appoint female directors and the share of female directors on boards show a clear upward trend. The econometric analysis suggests a positive link between the presence of female directors on boards and company performance, especially when firms appoint several, rather than one, female directors.

scholarly journals Education and Unemployment in Israel, 1976-1994: Reducing the Anomaly

2005 ◽  
Vol 54 (4) ◽  
pp. 673-693 ◽  
Author(s):  
Jacob (Yaacov) Weisberg ◽  
Noah M. Meltz
Keyword(s):  
Unemployment Rate ◽  
Labour Force ◽  
Participation Rate ◽  
Labour Force Participation ◽  
Multivariate Regression Analysis ◽  
Government Support ◽  
Labour Force Participation Rate ◽  
Education Group ◽  
Education Levels ◽  
Low Educated

In industrialized economics, unemployment rates are inversely related to education levels. Data from 1963 to 1994 show that Israël is an anomaly exhibiting an inverted U-shaped relationship. Workers with 9-12 years of schooling consistently experienced a higher level of unemployment than the schooling groups with less and more education. Multivariate regression analysis of data for Israël during the 1976-1994 period indicates that this inverted U-shaped relationship is moderating. The national unemployment rate and a time trend variable had positive and significant effects tending to strengthen the inverted U-shaped relationship. However, an increase in the unemployment rate within the 0-8 education group relative to the 9-12 group and a decline in the labour force participation rate of the 0-8 group overrode these factors, resulting in a flattening of the inverse relationship. The major factor responsible for the anomaly in the education-unemployment relationship in Israël appears to be government policies intended to protect low-educated immigrants with large familles. A reduction in government support over recent years seems to have increased the exposure of the least educated to labour market forces.

scholarly journals Fertility and socio-economic determinants: evidence from co-integration and multivariate Granger casualty tests

2016 ◽  
Vol 4 (1) ◽  
pp. 134
Author(s):  
Prakash Kengnal ◽  
Asha Bullappa
Keyword(s):  
Labour Force ◽  
National Income ◽  
Participation Rate ◽  
Labour Force Participation ◽  
Fertility Rate ◽  
Gross National Income ◽  
Female Labour Force Participation ◽  
Labour Force Participation Rate ◽  
Female Labour ◽  
Per Capita

Background: The empirical work on fertility determinants widely discusses the role of socio-economic factors like female labour force participation rate, urban population and per capita gross national income in determining fertility rates. The India’s high fertility rate began to decline gradually after late 1950s and continued to fall since then. India achieved almost 31 per cent decline in fertility rate from 1990 to 2012. The objective was to examine the relationship between fertility rate, urbanization, female labour force participation rate and per capita gross national income for India.Methods: This study covers the sample period from 1990-2012. Moreover, the direction of causality between fertility rate, urbanization, female labour force participation rate and per capita gross national income in India using Granger Causality test within the Vector Error-Correction Model (VECM) are examined.Results: As a summary of the empirical results, we found that fertility rate, urbanization, female labour force participation rate and per capita gross national income in India are co-integrated and there is unidirectional Granger Causality between the four variables in long and short-run.Conclusions: The growth in urban population, female labour force participation rate and per capita gross national income are responsible for the decrease in fertility rate in India.

scholarly journals Contextual and Compositional Risk Factors of Overweight and Obesity in India over Two Decades: An Analysis of National Demographic and Health Surveys

2020 ◽  
Vol 4 (Supplement_2) ◽  
pp. 1607-1607
Author(s):  
Jeswin Baby ◽  
Jithin Sam Varghese ◽  
Tinku Thomas ◽  
Shruthi Cyriac ◽  
Shivani Patel
Keyword(s):  
Health Surveys ◽  
Labour Force ◽  
Participation Rate ◽  
Household Wealth ◽  
Individual Characteristics ◽  
Overweight And Obesity ◽  
Demographic And Health Surveys ◽  
Labour Force Participation Rate ◽  
Per Capita ◽  
The Impact

Abstract Objectives Identify contextual (state characteristics) and compositional (individual characteristics) drivers of changes in overweight in women from 1998–2016 across 26 states of India. Methods Nationally representative data on individual socio-demographics and objectively-measured anthropometry for non-pregnant and ever-married women 15–49y were obtained from the Indian National Family Health Surveys (NFHS-2, 1998–99, n = 61,979; NFHS-3, 2005–06, n = 66,694; and NFHS-4, 2015–16, n = 387,732). Individual-level data were merged with year-matched state-level nutritional and economic indicators obtained from multiple national databases. State indicators included per capita consumption of cereals, oils and sugar, per capita gross state domestic product (GDP), literacy rates, labour force participation rate, and population proportion engaged in sedentary employment. Cross-classified generalized linear mixed models (GLMM) with random effects classified each woman by state and round of survey. Models examined overweight/obesity trends as well as estimated the adjusted odds ratios and 95% Bayesian credible intervals for overweight/obesity associated with contextual and individual factors. Results From 1998 to 2016, the prevalence of overweight/obesity increased in all states of India. Higher household wealth (Quintile 5 vs 1: 4.18 [4.06–4.30]), education (post-secondary vs pre-school or less: 1.55 [1.51–1.60]), were associated with higher adjusted odds of overweight/obesity. State average sugar (g; 1.04 [1.03–1.05]) and oil (g; 1.04 [1.03–1.06]) intake, log (GDP per capita) (2.18 [2.14–2.21]) and literacy rates (1.01 [1.01–1.01]) were positively and independently associated with higher odds of overweight. The impact of state characteristics on prevalence of overweight/obesity decreased across rounds. Conclusions While the role of state economic and nutritional context as a driver of overweight has waned over time, contextual indicators remain salient correlates of an individual adult's likelihood of being overweight. Findings suggest that rising overweight in India must be understood and addressed from a socio-ecological lens that considers context alongside individual risks. Funding Sources None.

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