THE IMPACT OF BOARD DIVERSITY ON FINANCIAL PERFORMANCE: AN EVIDENCE ON BIST 100
Journal Title: The Journal of International Social Research - Year 2016, Vol 9, Issue 46
Abstract
The communique issued by Capital Markets Board of Turkey (CPM) in 2014 requires the public companies to increase the gender diversity in the board member composition. This study examines the relationship between board diversity and financial performance. The sample of the study consists of the companies listed on Borsa Istanbul (BIST) 100 Index. The relationship between the board diversity and accounting based, market based and cash based financial performance indicators is examined. The result of panel data analysis indicates that female board membership affects Return on Equity and Tobin’s q. Also, it is found that the proportion of female board membership affects Return on Assets and cash flows.
Authors and Affiliations
Emir OTLUOĞLU
Keywords
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- EP ID EP252696
- DOI 10.17719/jisr.20164622640
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