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Ethnic and Gender Diversity in Boards of Directors and Their Relevance to Financial Performance of Malaysian Companies

Marimuthu, Maran and Kolandaisamy, Indraah (2009) Ethnic and Gender Diversity in Boards of Directors and Their Relevance to Financial Performance of Malaysian Companies. [Citation Index Journal]

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Abstract

The purpose of this paper is to empirically examine the effect of demographic diversity on boards of directors with regard to firm financial performance. This paper uses secondary data of non-financial listed companies over the period 2000 to 2006. Relevant concepts, propositions, hypotheses and control variables are specially developed to meet our requirements. Demographic diversity is represented by ethnic and gender diversity and performance is measured by return on asset (ROA) and return on equity (ROE). A series of OLS regressions using on the cross-sectional data are also presented. The results seem to be quite inconsistent to prove the relevance of diversity among the board members with regard to financial performance.

Item Type:Citation Index Journal
Subjects:H Social Sciences > HG Finance
Academic Subject One:Corporate Finance
Departments / MOR / COE:Mission Oriented Research > Megacities
ID Code:12045
Deposited By: Dr Maran Marimuthu
Deposited On:20 Mar 2017 00:31
Last Modified:20 Mar 2017 00:31

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