Does Gender Diversity in the Boardroom Influence Tobin’s Q of Croatian Listed Firms?

Kramarić, Tomislava Pavić; Milun, Toni; Pavić, Ivan

doi:10.20472/es.2016.5.3.004

Cited by 5 publications

(3 citation statements)

References 14 publications

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“…Conversely, if Tobin’s Q value is lower than 1, it indicates that the stock is under an undervalued condition, which means that management has failed to manage the company’s assets and the potential for low investment growth so that investor interest is low to invest (Campbell and Vera, 2008; Tarigan et al , 2018). The choice of Tobin's Q in our study was motivated, first, by the fact that most prior research on gender diversity had used Tobin's Q as a measure of firm performance (Campbell and Vera, 2008; Carter et al , 2010; Ntim, 2013; Boubaker et al , 2014; Kramaric et al , 2016; Syamsudin et al , 2017; Li and Chen, 2018; Mintah and Schadewitz, 2019; Jiang et al , 2020). Second, Tobin's Q is considered better than other accounting measures, i.e.…”

Section: Methodsmentioning

confidence: 99%

Gender diversity, financial performance, and the moderating effect of CSR: empirical evidence from UK financial institutions

Fatma

Chouaibi

2023

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Purpose This study aims to examine the direct relationship between board gender diversity (BGD) and financial performance and the moderating role of corporate social responsibility (CSR) in the said relationship. Design/methodology/approach Using data collected from the Thomson Reuters Eikon ASSET4 database from 42 UK financial institutions listed in the ESG index for the period 2005–2019, this study used multivariate regression analysis on panel data to test the effect of BGD on financial performance and estimate the moderating effect of CSR between them. Moreover, to control the endogeneity problem, the authors conducted an additional analysis by testing the dynamic dimension of the data set through the generalized moment method. Findings The empirical results show that BGD is positively related to financial performance and that BGD increases firm performance with the moderating effect of CSR. Regarding the endogeneity problem, the existence of continuity between financial institution performances over time is demonstrated. Research limitations/implications The current paper sheds light on the importance of BGD in improving firm performance and the moderating role of CSR in strengthening the relationship between BGD and firm performance, thereby contributing to the agency theory, the resource dependency theory and the stakeholder theory. Therefore, regulators and policymakers in the UK can use the outcomes of this study to enforce the representation of female directors on boards to enhance the financial performance of financial institutions. Moreover, the findings could be useful for regulatory bodies to encourage financial institutions to practice CSR activities and disclose them in their annual reports. Originality/value To the best of the authors’ knowledge, this is the first study investigating the moderating role of CSR on the relationship between BGD and financial performance in the context of the financial sector. It is also the first study documenting that CSR reinforces the relationship between gender-diverse boards and financial institutions' performance. This study fills a research gap as it expands the existing literature that has generally focused on the impact of BGD on financial performance and has not reached similar results.

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Section: Methodsmentioning

confidence: 99%

Gender diversity, financial performance, and the moderating effect of CSR: empirical evidence from UK financial institutions

Fatma

Chouaibi

2023

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“…In other words, Leverage relates to the credit supply and lending in banking and their returns of banks will depend on sensitively on Leverage positions [8]. Research conducted by Kramaric, [9] found that Leverage has a significant positive effect on Firm Value. This result is different from research [10] which states that leverage has no effect on firm value.…”

Section: Introductionmentioning

confidence: 99%

Firm Value, Economic Shock, and Pitfalls of Approach Analysis: The Case of Indonesian State-Owned Bank

Reza,

Irawansyah

2024

JEMT

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Economic shocks are believed to have a major impact on economic stability. The purpose of this study was to determine and analyze the effect of Liquidity, Leverage, Profitability and the Covid-19 pandemic on the firm value of state-owned banks listed on the Indonesia Stock Exchange (IDX). The data used is the financial statement data of state-owned banks listed on IDX for the 2011-2021 period. The population of this study are state-owned bank companies listed on the Indonesia Stock Exchange. Sampling in this study was carried out using purposive sampling method. Based on predetermined criteria, 44 data were obtained. The data analysis used in this research are Multiple Linear Regression Analysis and Data Panel, then at the end of analysis is also strengthened by Structural Break Test and Panel Cointegration Test. The results from Data Panel showed that Liquidity has a negative and significant effect on Firm Value, meanwhile Leverage and Profitability has insignificant effect on Firm Value. Structural Break Test and Panel Cointegration Test both strongly showed there is an impact the Covid-19 pandemic on Firm Value.

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“…The effects of digitization are thus viewed as the fourth industrialization wave, which will fundamentally alter business. Therefore, a company's capacity to tackle the new obstacles brought on by digitalization will determine how long it can remain in operation (Kramaric, 2020). Bancassurance is a component of banks' efforts to diversify their income streams and grow.…”

Section: Introductionmentioning

confidence: 99%

Exploration of The Factors Influencing Customer Perspectives And Intention Regarding Digital Bancassurance

Iqbal

2023

TR1010

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A considerable trend towards digitization in the banking and insurance industries havegiven rise to a new concept called "digital Bancassurance," in which insurance products are made available through banking systems. For financial institutions looking to optimize their service offerings and boost customer satisfaction in this changing landscape, it is essential to understand the elements that influencecustomer perspective and intentionstowards digital Bancassurance.This study intends to look into and pinpoint the variables influencingcustomerperspectiveand intentions towards digital Bancassurance. It aims to identify the fundamental forces influencing consumer perceptions regarding unified banking and insurance services in the digital environment.Rarestudy has been done to understand the precise elements that influence consumers' decisions to adopt digital Bancassuranceor not. By examining many facets that influence consumer perceptions and behavioral intentions in the context of digital Bancassurance, this study seeks to close this gap.In-depth interviews and focus groups will be used to collect qualitative data in order to collect various client opinions.Thematic analysis has been performed as a tool to evaluate the interview transcripts. The delivery and consumption of financial services have changed as a result of the development of digital technology. Digital platforms that combine banking and insurance services have the ability to change client preferences and experiences.

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Does Gender Diversity in the Boardroom Influence Tobin’s Q of Croatian Listed Firms?

Abstract: Abstract:Gender diversity has attracted attention of scientists

Cited by 5 publications

References 14 publications

Gender diversity, financial performance, and the moderating effect of CSR: empirical evidence from UK financial institutions

Gender diversity, financial performance, and the moderating effect of CSR: empirical evidence from UK financial institutions

Firm Value, Economic Shock, and Pitfalls of Approach Analysis: The Case of Indonesian State-Owned Bank

Exploration of The Factors Influencing Customer Perspectives And Intention Regarding Digital Bancassurance

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