The Influence of Gender Diversity on Company Value (Study of Banking Companies in 3 ASEAN Countries)

Authors

  • Yudo Budi Harto State University of Jakarta Author
  • Gatot Nazir Ahmad State University of Jakarta Author
  • Umi Widyastuti State University of Jakarta Author

DOI:

https://doi.org/10.59890/3ysy3j89

Keywords:

Female Director, Female CEO, Board of Directors Size, Company Value

Abstract

The purpose of this study is to examine the relationship between firm value and female directors' and CEOs' gender, controlling for board size. A total of 56 financial institutions from Malaysia, Singapore, and Indonesia were included in the sample. Stata 17's panel data regression techniques are used for data analysis. Female chief executive officers and female board members do not significantly affect value, according to this study. We accept the third hypothesis, which states that the size of the board of directors does not significantly affect the value of the corporation. Female CEOs and directors have a greater impact on company value than larger boards of directors.

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Published

2024-08-01

Issue

Vol. 2 No. 4 (2024): July 2024

Section

Articles

License

Copyright (c) 2024 Yudo Budi Harto, Gatot Nazir Ahmad, Umi Widyastuti (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

The Influence of Gender Diversity on Company Value (Study of Banking Companies in 3 ASEAN Countries). (2024). International Journal of Finance and Business Management (IJFBM), 2(4), 449-462. https://doi.org/10.59890/3ysy3j89