Social Capital of Women Directors and Financial Performance of a Company: Empirical Study

Berezinets, Irina; Garanina, Tatiana; Ilina, Yulia

doi:10.21638/spbu18.2018.302

Cited by 6 publications

(3 citation statements)

References 65 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…By searching the Web of Science with the keywords diversity, board and gender, the results show that only 11 articles were published in 2009 on the general subject of gender diversity, while there were more than 280 publications recorded in 2019. In general, the issue addressed in most of the scientific articles that deal with this subject is whether the presence of women in boards of directors is associated with improved company performance [20], which is measured by financial results [21], the company's level of debt [22] and corporate social responsibility [23]. Other authors have studied the subject from different perspectives, including: the gender pay gap [24], work-life balance [25] and gender quotas [26].…”

Section: Literature Reviewmentioning

confidence: 99%

Gender Diversity in Boards of Directors: A Bibliometric Mapping

Sánchez‐Teba

Benítez-Márquez

Porras-Alcalá

2021

Journal of Open Innovation: Technology, Market, and Complexity

View full text Add to dashboard Cite

The literature on gender diversity in boards of directors has expanded significantly in recent years, due to the fact that women are increasingly holding higher management positions within the company hierarchy, clearly demonstrating that certain characteristics of women have a positive impact on different areas within the company. The objective of this paper is to analyze scientific articles on the presence of women in boards of directors, based on a literature review, in order to learn about the evolution of this concept over time. The search conducted for this paper produced 300 documents from the Web of Science, with a final total result of 168 documents after passing the initial results through various filters. VOSviewer software was used to analyze the information, which enabled the creation of bibliometric citation, co-citation and co-word maps. The results reveal the most relevant authors and studies on this subject and identify the most current studies, the main topic of which deals with sustainability and corporate social responsibility, in addition to highlighting the characteristics of women that are of vital importance to boards of directors within the current context: empathy, open innovation, concern for the needs of interest groups and a heightened perception of risks.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Gender Diversity in Boards of Directors: A Bibliometric Mapping

Sánchez‐Teba

Benítez-Márquez

Porras-Alcalá

2021

Journal of Open Innovation: Technology, Market, and Complexity

View full text Add to dashboard Cite

show abstract

“…В 2018 г. ученые из Санкт-Петербургского государственного университета Березинец, Гаранина и Ильина, в свою очередь, обратились к вопросу, как интеллектуальный капитал женщин-директоров влияет на финансовую результативность публичных акционерных обществ России. Авторы проводили наблюдения в течение 9 лет -с 2002 по 2010 г. Экономисты пришли к выводу, что наличие множественных директорских позиций женщин позволяет повысить ценность компании [19]. Как можно увидеть, тема влияния доли женщин и гендерного баланса в руководстве на различные показатели фирмы относительно нова для России и поэтому требует новых, еще более глубоких, исследований.…”

Section: рис / Fig доля мест в советах директоров занятых женщинамunclassified

Gender Balance in Companies’ Management: The Effect on Financial Indicators

Разумова

Иванова

2020

Upravlencheskie nauki

View full text Add to dashboard Cite

The purpose of this paper is to calculate the effect of gender balance in management on the economic performance of Russian companies. The relevance of the topic is explained by the fact that in Russia women make up almost 50% of the workforce (that exceeds the indicators of Western Europe and North America) and get a higher education on an equal basis with men, but women’s participation in the governing bodies of companies is insignificant (about 5%). This could result the companies losing the benefits of women’s human capital. The paper hypothesizes that Russian public joint stock companies with gender balanced governing bodies have better financial performance. An econometric model has been used to test this method. Data for the period of 9 years (from 2010 to 2018) for 44 non-financial companies whose shares were traded on the stock exchange during this period are taken. There has been applied Tobin’s Q as an indicator of the financial performance. Since there is a two-tier management system in public joint-stock companies in Russia. Two councils are considered as the governing bodies of the company — the supervisory board and the board of directors. The result of the study is the absence of a significant relationship between the gender balance in the governing bodies and the financial success of the companies. The main reasons for the lack of significant results include a special industry profile of Russian companies. The recommendation for the following studies is to focus not just on the firm’s financial performance but on the corporate and social impact of gender balance either.

show abstract

“…Women's participation in management teams is associated with improvements in firm performance [14]. This performance is usually measured by financial results [15], corporate debt levels [16] and corporate social responsibility [17]. In this sense, Rodríguez-Fernández et al [18] show that the financial performance of companies improves with the presence of women in the management team, as well as having a positive impact on company sales.…”

Section: Introductionmentioning

confidence: 99%

Descriptive Elements and Conceptual Structure of Glass Ceiling Research

Martínez-Fierro

Sancho

2021

IJERPH

View full text Add to dashboard Cite

Women make up more than half of the population of every society and are seen as the creators and instructors of the next generation. They are potentially significant human resources in the scientific, social, and cultural development of most countries and, consequently, special attention needs to be paid to the form of their occupational promotion. This paper describes the evolution of research on glass ceiling until July 2020. We compiled a database of 823 articles focused on the field and published in academic journals in the ISI WoS database. Bibliometric methods and techniques were used to describe the evolution of scientific activity, countries, and active institutions, most productive authors, most relevant sources, most influential documents, trend topics, and social structure researched. This determined the state of the art and described the evolution of the literature in this field, and it will help scholars refine existing and initiate new research agendas. A total of 846 documents were identified, and the results showed an upward trend in glass ceiling scientific production. Based on these analyses, possible forms of future research are proposed to advance toward the consolidation of this scientific discipline.

show abstract

Social Capital of Women Directors and Financial Performance of a Company: Empirical Study

Cited by 6 publications

References 65 publications

Gender Diversity in Boards of Directors: A Bibliometric Mapping

Gender Diversity in Boards of Directors: A Bibliometric Mapping

Gender Balance in Companies’ Management: The Effect on Financial Indicators

Descriptive Elements and Conceptual Structure of Glass Ceiling Research

Contact Info

Product

Resources

About