Women in business leadership and firm performance: a cross-country study
| dc.contributor.advisor | Toerien, Francois | |
| dc.contributor.author | Luo, Jing Ying | |
| dc.date.accessioned | 2021-08-13T15:47:18Z | |
| dc.date.available | 2021-08-13T15:47:18Z | |
| dc.date.issued | 2021 | |
| dc.date.updated | 2021-08-13T15:45:24Z | |
| dc.description.abstract | This study investigates the relationship between female board and top management representation and corporate financial performance (measured i.t.o. ROA), and market sentiment (measured i.t.o. Tobin's Q). Three Western nations (the U.S., the U.K. and Germany) and two Asian countries (China and Japan), are considered, specifically with the aim of understanding the nature and extent of the relationship in each region individually, andany potential differences under different cultural environments. The study period was 2014- 2019 for the board representation analysis and, due to data constraints, only 2019 for the top management analysis. Random effects panel regression was used in the board level analysis and a multiple regression model was used to study the top management level impact. The results indicate a positive relationship between the performance measures and female representation at both the board and top management levels. However, the relationship is not statistically significant in the case of the board level analysis, but generally statistically significant for the top management analysis. The strength of the mostly positive relationships between female representation and the performance measures is generally stronger for the three Western countries (particularly for the US and the UK) compared to the two Asian countries, which could in part be due to the impact of cultural differences between them. | |
| dc.identifier.apacitation | Luo, J. Y. (2021). <i>Women in business leadership and firm performance: a cross-country study</i>. (). ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/33766 | en_ZA |
| dc.identifier.chicagocitation | Luo, Jing Ying. <i>"Women in business leadership and firm performance: a cross-country study."</i> ., ,Faculty of Commerce ,Department of Finance and Tax, 2021. http://hdl.handle.net/11427/33766 | en_ZA |
| dc.identifier.citation | Luo, J.Y. 2021. Women in business leadership and firm performance: a cross-country study. . ,Faculty of Commerce ,Department of Finance and Tax. http://hdl.handle.net/11427/33766 | en_ZA |
| dc.identifier.ris | TY - Master Thesis AU - Luo, Jing Ying AB - This study investigates the relationship between female board and top management representation and corporate financial performance (measured i.t.o. ROA), and market sentiment (measured i.t.o. Tobin's Q). Three Western nations (the U.S., the U.K. and Germany) and two Asian countries (China and Japan), are considered, specifically with the aim of understanding the nature and extent of the relationship in each region individually, andany potential differences under different cultural environments. The study period was 2014- 2019 for the board representation analysis and, due to data constraints, only 2019 for the top management analysis. Random effects panel regression was used in the board level analysis and a multiple regression model was used to study the top management level impact. The results indicate a positive relationship between the performance measures and female representation at both the board and top management levels. However, the relationship is not statistically significant in the case of the board level analysis, but generally statistically significant for the top management analysis. The strength of the mostly positive relationships between female representation and the performance measures is generally stronger for the three Western countries (particularly for the US and the UK) compared to the two Asian countries, which could in part be due to the impact of cultural differences between them. DA - 2021 DB - OpenUCT DP - University of Cape Town KW - finance and tax LK - https://open.uct.ac.za PY - 2021 T1 - Women in business leadership and firm performance: a cross-country study TI - Women in business leadership and firm performance: a cross-country study UR - http://hdl.handle.net/11427/33766 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/33766 | |
| dc.identifier.vancouvercitation | Luo JY. Women in business leadership and firm performance: a cross-country study. []. ,Faculty of Commerce ,Department of Finance and Tax, 2021 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/33766 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | Department of Finance and Tax | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.subject | finance and tax | |
| dc.title | Women in business leadership and firm performance: a cross-country study | |
| dc.type | Master Thesis | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MCom |