Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.]
Board diversity was further emphasized in the revised Malaysian Code ofCorporate Governance (MCCG) 2017, as this can allow for more board effectiveness in constructive debates and better decisions. With this recommended deliverable, the code believes that companies should perform and will be more...
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UITM Cawangan Sarawak
2021
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my.uitm.ir.534072022-01-03T09:27:21Z https://ir.uitm.edu.my/id/eprint/53407/ Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.] Merara ,, Michele Janang, Jennifer Tunga Bujang, Imarine Economics Value. Utility. Value added Surplus value. Labor theory of value Races. Including race as a social group and race relations in general Board diversity was further emphasized in the revised Malaysian Code ofCorporate Governance (MCCG) 2017, as this can allow for more board effectiveness in constructive debates and better decisions. With this recommended deliverable, the code believes that companies should perform and will be more equipped to face the ever-changing business environment and challenges. This study examines the influence of boardroom diversityon corporate performance using Government-Linked Companies (GLCs) in Malaysia as units of analysis. The study used secondary data of publicly listed GLCs in Malaysia for seven years (2012 to 2018). We used gender and ethnicity to proxy for boardroom diversity while economic value added (EVA) represents the company’s performance. We also used panel data multiple regression to analyze the data. After controlling for firm size and firm age, the empirical results revealed that board ethnicity is negatively and significantly related to firms’ economic performance. Board gender, however, provides insignificant results. We also find the firm size to be significant and positively related to EVA. This preliminary result on board composition requires further research on how Malaysian GLCs can address the MCCG’s recommended governance compliance, particularly on the monitoring roles of the board on firm performance. UITM Cawangan Sarawak 2021-09-30 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/53407/1/53407.pdf ID53407 Merara ,, Michele and Janang, Jennifer Tunga and Bujang, Imarine (2021) Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.]. Gender and Ethnic Diversity, 6 (6). pp. 1-18. ISSN 2550-1569 https://ijsmssarawak.com/archive.html |
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Economics Value. Utility. Value added Surplus value. Labor theory of value Races. Including race as a social group and race relations in general Merara ,, Michele Janang, Jennifer Tunga Bujang, Imarine Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.] |
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Board diversity was further emphasized in the revised Malaysian Code ofCorporate Governance (MCCG) 2017, as this can allow for more board
effectiveness in constructive debates and better decisions. With this recommended deliverable, the code believes that companies should perform
and will be more equipped to face the ever-changing business environment and challenges. This study examines the influence of boardroom diversityon corporate performance using Government-Linked Companies (GLCs) in Malaysia as units of analysis. The study used secondary data of publicly listed GLCs in Malaysia for seven years (2012 to 2018). We used gender and ethnicity to proxy for boardroom diversity while economic value added (EVA) represents the company’s performance. We also used panel data multiple regression to analyze the data. After controlling for firm size and firm age, the empirical results revealed that board ethnicity is negatively and significantly related to firms’ economic performance. Board gender, however, provides insignificant results. We also find the firm size to be significant and positively related to EVA. This preliminary result on board composition requires further research on how Malaysian GLCs can address the MCCG’s recommended governance compliance, particularly on the monitoring roles of the board on firm performance. |
format |
Article |
author |
Merara ,, Michele Janang, Jennifer Tunga Bujang, Imarine |
author_facet |
Merara ,, Michele Janang, Jennifer Tunga Bujang, Imarine |
author_sort |
Merara ,, Michele |
title |
Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.] |
title_short |
Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.] |
title_full |
Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.] |
title_fullStr |
Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.] |
title_full_unstemmed |
Gender and Ethnic Diversity, and Economic Value Added: Evidence from Government-Linked Companies / Michele Merara ... [et al.] |
title_sort |
gender and ethnic diversity, and economic value added: evidence from government-linked companies / michele merara ... [et al.] |
publisher |
UITM Cawangan Sarawak |
publishDate |
2021 |
url |
https://ir.uitm.edu.my/id/eprint/53407/1/53407.pdf https://ir.uitm.edu.my/id/eprint/53407/ https://ijsmssarawak.com/archive.html |
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