Keberagaman Gender Dewan Komisaris dan Direksi terhadap Kinerja Perusahaan
Abstract
This study examined the influence of board gender diversity on the firm performance.the research sample use property and health companies listed in Indonesia stock exchange 2015-2018. total 30 companies. use quantitative methodology with panel regression data analysis techniques were used in this study. The results showed that the gender diversity of the board of commissioners did not have a positive effect on company performance (H1 was rejected) while the gender diversity of the board of directors had a negative effect on company performance (H2 rejected). SIZE and ID control variables also showed significant effect on company performance. For further research it is recommended to use two other methods such as Dummy or gender proportion to measure gender diversity so that the results can be compared, as well as more research data.
Keywords: Board Gender Diversity; Firm Performance; Size; Independen Director.
Downloads
Download data is not yet available.
References
Abdullah, S. N. (2014). The causes of gender diversity in Malaysian large firms. Journal of Management and Governance, 18(4), 1137–1159. https://doi.org/10.1007/s10997-013-9279-0
Bart, C., & McQueen, G. (2013). Why women make better directors. International Journal of Business Governance and Ethics, 8(1), 93. https://doi.org/10.1504/IJBGE.2013.052743
Carter, D. A., D’Souza, F., Simkins, B. J., & Simpson, W. G. (2010). The gender and ethnic diversity of US boards and board committees and firm financial performance. Corporate Governance: An International Review, 18(5), 396–414. https://doi.org/10.1111/j.1467-8683.2010.00809.x
Chapple, L., & Humphrey, J. E. (2014). Does board gender diversity have a financial impact? Evidence using stock portfolio performance. Journal of Business Ethics, 122(4), 709–723. https://doi.org/10.1007/s10551-013-1785-0
Darmadi, S. (2011). Board diversity and firm performance: The indonesian evidence. Corporate Ownership and Control, 9(1 F), 524–539.
Dieleman, D. M., Ibrahim, M., & Khor, J. (2016). Building Board Diversity in Asia Pacific. 13(263), 1. https://doi.org/10.1097/00001756-200207190-00002
Dieleman, D. M., Qian, D. M., Ibrahim, M. M., & Lim, D. V. (2015). Gender Diversity in Asia Pacific: Little of a Good Thing.
Fathonah, A. N. (2018). Pengaruh Gender Diversity dan Age Diversity Terhadap Kinerja Keuangan. 6(3), 373–380.
Hamdani, Y., & Hatane, S. E. (2015). Pengaruh Wanita Dewan Direksi terhadap Firm Value melalui Firm Performance sebagai Variabel Intervening. 121–132.
Ionascu, M., Ionascu, I., Sacarin, M., & Minu, M. (2018). Women on boards and financial performance: Evidence from a European emerging market. Sustainability (Switzerland), 10(5). https://doi.org/10.3390/su10051644
Isidro, H., & Sobral, M. (2015). The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance. Journal of Business Ethics, 132(1), 1–19. https://doi.org/10.1007/s10551-014-2302-9
Isti, Z., & Adhariani, R. D. (2017). Semakin Beragam Semakin Baik? Isu Keberagaman Gender, Keuangan, Dan Investasi Perusahaan. Nationally Accredited, 21(1040), 1–13. Retrieved from http://jurnal.unmer.ac.id/index.php/jkdp
Jensen, C., & Meckling, H. (1976). THEORY OF THE FIRM : MANAGERIAL BEHAVIOR , AGENCY COSTS AND OWNERSHIP STRUCTURE I . Introduction and summary In this paper WC draw on recent progress in the theory of ( 1 ) property rights , firm . In addition to tying together elements of the theory of e. 3, 305–360.
Kılıc, M., & Kuzey, C. (2016). The effect of board gender diversity on firm performance: evidence from Turkey. Gender in Management, 31(7), 434–455. https://doi.org/10.1108/GM-10-2015-0088
Li, H., & Chen, P. (2018). Board gender diversity and firm performance: The moderating role of firm size. Business Ethics, 27(4), 294–308. https://doi.org/10.1111/beer.12188
Low, D. C. M., Roberts, H., & Whiting, R. H. (2015). Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and Singapore. Pacific Basin Finance Journal, 35, 381–401. https://doi.org/10.1016/j.pacfin.2015.02.008
Luckerath-Rovers, M. (2013). Women on boards and firm performance. Journal of Management and Governance, 17(2), 491–509. https://doi.org/10.1007/s10997-011-9186-1
Lückerath-Rovers, M. (2013). Women on boards and firm performance. Journal of Management and Governance, 17(2), 491–509. https://doi.org/10.1007/s10997-011-9186-1
Mensi-Klarbach, H. (2014). Gender in top management research: Towards a comprehensive research framework. Management Research Review, 37(6), 538–552. https://doi.org/10.1108/MRR-03-2013-0066
Novilia, O., & Nugroho, P. I. (2016). Pengaruh Manajemen Puncak Wanita Terhadap Manajemen Laba. Dinamika Akuntansi, Keuangan Dan Perbankan, 5(1), 27–45.
Pasaribu, P. (2019). Gender Diversity in the Boardroom : Evidence from Indonesia Listed Firms Gender Diversity in the Boardroom : Evidence from Indonesia Listed Firms. (January). https://doi.org/10.13140/RG.2.2.30230.60480
Rafinda, A., Rafinda, A., Witiastuti, R. S., Suroso, A., & Trinugroho, I. (2017). Board Diversity, Risk And Sustainability Of Bank Performance: Evidence From India. (May 1977).
Ramadhani, Z. I., & Adhariani, D. (2015). Pengaruh Keberagaman Gender Terhadap Kinerja Keuangan Perusahaan dan Efisiensi Investasi. Simposium Nasional Akuntansi XVIII.
Rose, C. (2007). Does female board representation influence firm performance? The Danish evidence. Corporate Governance: An International Review, 15(2), 404–413. https://doi.org/10.1111/j.1467-8683.2007.00570.x
Shogren, K. A., Wehmeyer, M. L., & Palmer, S. B. (2017). Causal agency theory. In Development of self-determination through the life-course (pp. 55–67). Springer.
Sial, M., Zheng, C., Cherian, J., Gulzar, M. A., Thu, P., Khan, T., & Khuong, N. (2018). Does Corporate Social Responsibility Mediate the Relation between Boardroom Gender Diversity and Firm Performance of Chinese Listed Companies? Sustainability, 10(10), 3591. https://doi.org/10.3390/su10103591
Sugiyono, M. (2014). Educational Research Methods Quantitative, Qualitative Approach and R&D. In Bandung: Alfabeta.
Terjesen, S., Couto, E. B., & Francisco, P. M. (2016). Does the presence of independent and female directors impact firm performance? A multi-country study of board diversity. Journal of Management and Governance, 20(3), 447–483. https://doi.org/10.1007/s10997-014-9307-8
Wahid, A. S. (2018). The Effects and the Mechanisms of Board Gender Diversity: Evidence from Financial Manipulation. Journal of Business Ethics, (0123456789), 1–21. https://doi.org/10.1007/s10551-018-3785-6
Wiley, C., & Monllor-Tormos, M. (2018). Board Gender Diversity in the STEM&F Sectors: The Critical Mass Required to Drive Firm Performance. Journal of Leadership and Organizational Studies, 25(3), 290–308. https://doi.org/10.1177/1548051817750535
Bart, C., & McQueen, G. (2013). Why women make better directors. International Journal of Business Governance and Ethics, 8(1), 93. https://doi.org/10.1504/IJBGE.2013.052743
Carter, D. A., D’Souza, F., Simkins, B. J., & Simpson, W. G. (2010). The gender and ethnic diversity of US boards and board committees and firm financial performance. Corporate Governance: An International Review, 18(5), 396–414. https://doi.org/10.1111/j.1467-8683.2010.00809.x
Chapple, L., & Humphrey, J. E. (2014). Does board gender diversity have a financial impact? Evidence using stock portfolio performance. Journal of Business Ethics, 122(4), 709–723. https://doi.org/10.1007/s10551-013-1785-0
Darmadi, S. (2011). Board diversity and firm performance: The indonesian evidence. Corporate Ownership and Control, 9(1 F), 524–539.
Dieleman, D. M., Ibrahim, M., & Khor, J. (2016). Building Board Diversity in Asia Pacific. 13(263), 1. https://doi.org/10.1097/00001756-200207190-00002
Dieleman, D. M., Qian, D. M., Ibrahim, M. M., & Lim, D. V. (2015). Gender Diversity in Asia Pacific: Little of a Good Thing.
Fathonah, A. N. (2018). Pengaruh Gender Diversity dan Age Diversity Terhadap Kinerja Keuangan. 6(3), 373–380.
Hamdani, Y., & Hatane, S. E. (2015). Pengaruh Wanita Dewan Direksi terhadap Firm Value melalui Firm Performance sebagai Variabel Intervening. 121–132.
Ionascu, M., Ionascu, I., Sacarin, M., & Minu, M. (2018). Women on boards and financial performance: Evidence from a European emerging market. Sustainability (Switzerland), 10(5). https://doi.org/10.3390/su10051644
Isidro, H., & Sobral, M. (2015). The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance. Journal of Business Ethics, 132(1), 1–19. https://doi.org/10.1007/s10551-014-2302-9
Isti, Z., & Adhariani, R. D. (2017). Semakin Beragam Semakin Baik? Isu Keberagaman Gender, Keuangan, Dan Investasi Perusahaan. Nationally Accredited, 21(1040), 1–13. Retrieved from http://jurnal.unmer.ac.id/index.php/jkdp
Jensen, C., & Meckling, H. (1976). THEORY OF THE FIRM : MANAGERIAL BEHAVIOR , AGENCY COSTS AND OWNERSHIP STRUCTURE I . Introduction and summary In this paper WC draw on recent progress in the theory of ( 1 ) property rights , firm . In addition to tying together elements of the theory of e. 3, 305–360.
Kılıc, M., & Kuzey, C. (2016). The effect of board gender diversity on firm performance: evidence from Turkey. Gender in Management, 31(7), 434–455. https://doi.org/10.1108/GM-10-2015-0088
Li, H., & Chen, P. (2018). Board gender diversity and firm performance: The moderating role of firm size. Business Ethics, 27(4), 294–308. https://doi.org/10.1111/beer.12188
Low, D. C. M., Roberts, H., & Whiting, R. H. (2015). Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and Singapore. Pacific Basin Finance Journal, 35, 381–401. https://doi.org/10.1016/j.pacfin.2015.02.008
Luckerath-Rovers, M. (2013). Women on boards and firm performance. Journal of Management and Governance, 17(2), 491–509. https://doi.org/10.1007/s10997-011-9186-1
Lückerath-Rovers, M. (2013). Women on boards and firm performance. Journal of Management and Governance, 17(2), 491–509. https://doi.org/10.1007/s10997-011-9186-1
Mensi-Klarbach, H. (2014). Gender in top management research: Towards a comprehensive research framework. Management Research Review, 37(6), 538–552. https://doi.org/10.1108/MRR-03-2013-0066
Novilia, O., & Nugroho, P. I. (2016). Pengaruh Manajemen Puncak Wanita Terhadap Manajemen Laba. Dinamika Akuntansi, Keuangan Dan Perbankan, 5(1), 27–45.
Pasaribu, P. (2019). Gender Diversity in the Boardroom : Evidence from Indonesia Listed Firms Gender Diversity in the Boardroom : Evidence from Indonesia Listed Firms. (January). https://doi.org/10.13140/RG.2.2.30230.60480
Rafinda, A., Rafinda, A., Witiastuti, R. S., Suroso, A., & Trinugroho, I. (2017). Board Diversity, Risk And Sustainability Of Bank Performance: Evidence From India. (May 1977).
Ramadhani, Z. I., & Adhariani, D. (2015). Pengaruh Keberagaman Gender Terhadap Kinerja Keuangan Perusahaan dan Efisiensi Investasi. Simposium Nasional Akuntansi XVIII.
Rose, C. (2007). Does female board representation influence firm performance? The Danish evidence. Corporate Governance: An International Review, 15(2), 404–413. https://doi.org/10.1111/j.1467-8683.2007.00570.x
Shogren, K. A., Wehmeyer, M. L., & Palmer, S. B. (2017). Causal agency theory. In Development of self-determination through the life-course (pp. 55–67). Springer.
Sial, M., Zheng, C., Cherian, J., Gulzar, M. A., Thu, P., Khan, T., & Khuong, N. (2018). Does Corporate Social Responsibility Mediate the Relation between Boardroom Gender Diversity and Firm Performance of Chinese Listed Companies? Sustainability, 10(10), 3591. https://doi.org/10.3390/su10103591
Sugiyono, M. (2014). Educational Research Methods Quantitative, Qualitative Approach and R&D. In Bandung: Alfabeta.
Terjesen, S., Couto, E. B., & Francisco, P. M. (2016). Does the presence of independent and female directors impact firm performance? A multi-country study of board diversity. Journal of Management and Governance, 20(3), 447–483. https://doi.org/10.1007/s10997-014-9307-8
Wahid, A. S. (2018). The Effects and the Mechanisms of Board Gender Diversity: Evidence from Financial Manipulation. Journal of Business Ethics, (0123456789), 1–21. https://doi.org/10.1007/s10551-018-3785-6
Wiley, C., & Monllor-Tormos, M. (2018). Board Gender Diversity in the STEM&F Sectors: The Critical Mass Required to Drive Firm Performance. Journal of Leadership and Organizational Studies, 25(3), 290–308. https://doi.org/10.1177/1548051817750535
Published
2020-08-25
How to Cite
THOOMASZEN, Sinye Polani; HIDAYAT, Widi.
Keberagaman Gender Dewan Komisaris dan Direksi terhadap Kinerja Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 8, p. 2040 - 2052, aug. 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/59895>. Date accessed: 26 apr. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i08.p11.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
