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

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Journal ISSN
Volume Title
School of Business | Bachelor's thesis
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Author
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.
Description
Thesis advisor
Luotonen, Niilo
Keywords
corporate governance, Tobin's Q, ROA, gender diversity, board of directors, firm performance
Other note
Citation
Permanent link to this item
https://urn.fi/URN:NBN:fi:aalto-2020122056309
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[kand] Kauppakorkeakoulu / BIZ