Women on boards and firm performance in Malaysia - post implementation period
In 2011, the Malaysian Cabinet approved a policy that by 2016, the board of directors of all public listed companies in Malaysia should consist of at least 30% women. This research examines the relationship between the existence of women on boards and Malaysian listed companies’ performance after th...
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my.iium.irep.865582020-12-30T03:32:17Z http://irep.iium.edu.my/86558/ Women on boards and firm performance in Malaysia - post implementation period Ahmad, Maslina Abdirahman, Sadik Annuar, Hairul Azlan HF5387 Business ethics HF5601 Accounting. Bookkeeping In 2011, the Malaysian Cabinet approved a policy that by 2016, the board of directors of all public listed companies in Malaysia should consist of at least 30% women. This research examines the relationship between the existence of women on boards and Malaysian listed companies’ performance after the effective implementation of the policy. This research also examines the qualifications of women directors, women directors on audit committees, women directors as CEOs or Chairman, their age, tenure and independence. All of these features are examined in relation to return on assets (ROA). The study utilises resource dependence theory as the basis to explain the relationship between women on boards and firm performance. To achieve the research objectives, the annual reports of the top 100 public listed companies from 2016 to 2018 are examined using panel data analysis. The results show that there is a significant positive curvilinear relationship between women on boards and firms’ financial performance. When examining women in audit committee, it is found that there is a significant negative curvilinear relationship with firm performance. Furthermore, this study finds that there is a significant positive relationship between women as CEOs or Chairman and firm performance. This research contribute to the existing literature on women on boards from the perspective of a developing nation. The results could motivate listed firms in Malaysia to appoint more qualified women as members of the boards in order to not only adhere to the government policy but also gained benefits in term of company performance. 2020 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/86558/1/ICABEC%202020%20Day%202%20%281%29.pdf application/pdf en http://irep.iium.edu.my/86558/8/86558%20slides.pdf Ahmad, Maslina and Abdirahman, Sadik and Annuar, Hairul Azlan (2020) Women on boards and firm performance in Malaysia - post implementation period. In: 6th International Conference on Accounting, Business and Economics 2020 (ICABEC), 16th-17th December 2020, Kuala Nerus, Terengganu. (Unpublished) |
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HF5387 Business ethics HF5601 Accounting. Bookkeeping Ahmad, Maslina Abdirahman, Sadik Annuar, Hairul Azlan Women on boards and firm performance in Malaysia - post implementation period |
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In 2011, the Malaysian Cabinet approved a policy that by 2016, the board of directors of all public listed companies in Malaysia should consist of at least 30% women. This research examines the relationship between the existence of women on boards and Malaysian listed companies’ performance after the effective implementation of the policy. This research also examines the qualifications of women directors, women directors on audit committees, women directors as CEOs or Chairman, their age, tenure and independence. All of these features are examined in relation to return on assets (ROA). The study utilises resource dependence theory as the basis to explain the relationship between women on boards and firm performance. To achieve the research objectives, the annual reports of the top 100 public listed companies from 2016 to 2018 are examined using panel data analysis. The results show that there is a significant positive curvilinear relationship between women on boards and firms’ financial performance. When examining women in audit committee, it is found that there is a significant negative curvilinear relationship with firm performance. Furthermore, this study finds that there is a significant positive relationship between women as CEOs or Chairman and firm performance. This research contribute to the existing literature on women on boards from the perspective of a developing nation. The results could motivate listed firms in Malaysia to appoint more qualified women as members of the boards in order to not only adhere to the government policy but also gained benefits in term of company performance. |
format |
Conference or Workshop Item |
author |
Ahmad, Maslina Abdirahman, Sadik Annuar, Hairul Azlan |
author_facet |
Ahmad, Maslina Abdirahman, Sadik Annuar, Hairul Azlan |
author_sort |
Ahmad, Maslina |
title |
Women on boards and firm performance in Malaysia - post implementation period |
title_short |
Women on boards and firm performance in Malaysia - post implementation period |
title_full |
Women on boards and firm performance in Malaysia - post implementation period |
title_fullStr |
Women on boards and firm performance in Malaysia - post implementation period |
title_full_unstemmed |
Women on boards and firm performance in Malaysia - post implementation period |
title_sort |
women on boards and firm performance in malaysia - post implementation period |
publishDate |
2020 |
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http://irep.iium.edu.my/86558/1/ICABEC%202020%20Day%202%20%281%29.pdf http://irep.iium.edu.my/86558/8/86558%20slides.pdf http://irep.iium.edu.my/86558/ |
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1688547748080517120 |
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