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Board Gender Diversity, Corporate Reputation and Market Performance


Larkin, Meredith B. and Bernardi, Richard A. and Bosco, Susan M. (2012) Board Gender Diversity, Corporate Reputation and Market Performance. The International Journal of Banking and Finance, 9 (1). pp. 1-26. ISSN 1617-722

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Abstract

This study examines the association between corporate transparency, ethical orientation of Fortune 500 companies, the number of females represented on the board of directors as reported in the 2010 annual report data and respective stock performance. Our basis for this judgement was whether the firm was listed on either (both) Ethisphere Magazine’s 2010 ‘World’s Most Ethical Companies’ or (and) Corporate Responsibility Magazine’s 2010 ‘100 Best Corporate Citizens List’. Our results indicate that, as the number of women directors increased, the probability of a corporation appearing in these lists increases. Finally, while being on one of these lists did not increase corporate return data in a statistically significant sense, it did dramatically reduce the degree of negative returns.

Item Type: Article
Uncontrolled Keywords: Ethical orientations, corporate reputation, market performance, gender diversity
Subjects: H Social Sciences > HG Finance
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 25 Oct 2018 00:35
Last Modified: 25 Oct 2018 00:35
URI: http://repo.uum.edu.my/id/eprint/25025

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