Proceedings of The 3rd Global Conference on Women’s Studies
Gender Parity on Boards and Firm Financial Performance Evidence from publicly listed companies in Indonesia
Laksita Putri Arishanty
This study investigates board gender diversity in 144 Indonesia’s listed firms and its effect on firm performance from 2018 to 2020. By adopting two regression analysis, the study provides a multidimensional view of across-firm and within-firm analysis. The results in this paper show that the gender diversity in the boardroom partially improves firm performance, however there are contradicting results by using different measurements. Further, the findings imply that increasing gender diversity in boardrooms can promote firm performance. Particular industries will benefit more from the inclusion of females to the boardroom, therefore companies might structure their boards according to their industry.
keywords: Board Diversity, Firm Performance, Gender Equality, Industry Effects.