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Asian Journal of Management
Year : 2018, Volume : 9, Issue : 1
First page : ( 212) Last page : ( 216)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2018.00032.X

Females Presence on the board and Financial Performance: A Study of Family Controlled Businesses

Dr. Mittal Sangeeta1,*,  Lavina2,**

1Assistant Professor, Haryana School of Business, Guru Jambheshwar University of Science & Technology, Hisar, Haryana

2Research Scholar, Haryana School of Business, Guru Jambheshwar University of Science & Technology, Hisar, Haryana

*Corresponding Author E-mail: yashikamittal96@gmail.com

**lavinajind2014@gmail.com

Online published on 2 June, 2018.

Abstract

This research is primarily based on the sample of family controlled businesses in India and has examined the representation of females’ on the board and their impact on the financial performance of these business organizations. For measuring gender diversity on the board, researcher has taken the variables namely-presence/absence of at least one female on the board (gender diversity), female CEO, family females and female chairpersons. Multiple regression analysis and descriptive statistics has been applied as statistical tools. The results show that 65% of the 200 company-year observations have at least one female on the board, only one company is having female CEO and also low % of females as chairperson. Further the result of regression shows that all variables collectively have miniature influence on financial performance, reason being lower presence of females on the board. Further the study provides evidence that two variables namely gender diversity and family females are significantly affecting the financial performance. The study also suggests that the presence of non-family females on the top management team may increase the firm's performance as compared to family females.

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Keywords

Gender diversity, Indian, family businesses, financial performance, boardroom.

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