Board diversity and firm performance: The indonesian evidence

Darmadi, S

Board diversity and firm performance: The indonesian evidence

Darmadi, S

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Publication Type:: Journal Article
Citation:: Corporate Ownership and Control, 2011, 9, (1 F), pp. 524-539
Issue Date:: 2011-01-01

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Field	Value	Language
dc.contributor.author	Darmadi, S https://orcid.org/0000-0002-7705-2672
dc.date.accessioned	2021-09-16T11:21:26Z
dc.date.available	2021-09-16T11:21:26Z
dc.date.issued	2011-01-01
dc.identifier.citation	Corporate Ownership and Control, 2011, 9, (1 F), pp. 524-539
dc.identifier.issn	1727-9232
dc.identifier.issn	1810-3057
dc.identifier.uri	http://hdl.handle.net/10453/150601
dc.description.abstract	This paper examines the associations between diversity of board members and financial performance of the firms listed on the Indonesia Stock Exchange (IDX). Three demographic characteristics of board members-gender, nationality, and age-are used as the proxies for diversity. Using a sample of 169 listed firms, this study finds that both accounting and market performance have significant negative associations with gender diversity. Nationality diversity is found to have no influence on firm performance. In contrast, the proportion of young members is positively related to market performance, providing evidence that young people in the boardrooms are associated with improved financial performance.
dc.language	en
dc.relation.ispartof	Corporate Ownership and Control
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	1501 Accounting, Auditing and Accountability, 1502 Banking, Finance and Investment, 1503 Business and Management
dc.title	Board diversity and firm performance: The indonesian evidence
dc.type	Journal Article
utslib.citation.volume	9
utslib.for	1501 Accounting, Auditing and Accountability
utslib.for	1502 Banking, Finance and Investment
utslib.for	1503 Business and Management
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	open_access	*
dc.date.updated	2021-09-16T11:21:04Z
pubs.issue	1 F
pubs.publication-status	Published
pubs.volume	9
utslib.citation.issue	1 F

Abstract:

This paper examines the associations between diversity of board members and financial performance of the firms listed on the Indonesia Stock Exchange (IDX). Three demographic characteristics of board members-gender, nationality, and age-are used as the proxies for diversity. Using a sample of 169 listed firms, this study finds that both accounting and market performance have significant negative associations with gender diversity. Nationality diversity is found to have no influence on firm performance. In contrast, the proportion of young members is positively related to market performance, providing evidence that young people in the boardrooms are associated with improved financial performance.

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http://hdl.handle.net/10453/150601