Effect of gender diversity on firm performance: empirical study from Europe and Nordics

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School of Business | Bachelor's thesis
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Authors

Date

2020

Department

Rahoituksen laitos

Major/Subject

Mcode

Degree programme

Rahoitus

Language

en

Pages

23+3

Series

Abstract

My study examines the relationship between firm performance and gender diversity in Europe and in Nordic countries. I perform the analysis using ordinary least squares (OLS) and firm fixed effects regression. I measure the firm performance by two different dependent variables, Tobin’s Q and ROA. My data is an unbalanced panel data from between 2015 and 2019 and from 17 different European countries. It consists of 3,603 firm-year observations for the Europe dataset and 535 firm-year observations for the Nordics dataset. In Europe, I find a positive significant effect of gender diversity on firm performance. In Nordics, the effect of gender diversity is insignificant on firm performance.

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Thesis advisor

Luotonen, Niilo

Keywords

corporate governance, Tobin's Q, ROA, gender diversity, board of directors, firm performance

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https://urn.fi/URN:NBN:fi:aalto-2020122056309

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[kand] Kauppakorkeakoulu / BIZ