Board Gender Diversity: A Review
AbstractGender diversity has gained significant attention in accounting, finance, corporate governance, and corporate social responsibility (CSR) literature. This literature will enlighten the readers regarding the valuable understandings obtained from these studies, and to define knowledge holes and potential research paths. Though many papers are examining the determinants and consequences of gender diversity, however, this review suggests that organizations with weak corporate governance have a tendency to respond to the call of gender diversity regulations to capture the need of society. Additionally, the firm’s determinants and consequences of gender diversity vary across the countries based on local/regional demand, demographic attributes, and the nature of gender regulation. Most of the reviewed papers explore the consequences of firm gender diversity studies, and we classify these into (i) accounting implications, (ii) financial implications, and (iii) corporate governance implications (iv) CSR implications. This review indicates that corporate gender diversity has significant influences on organizations' financial reporting and corporate disclosures, financing, corporate investment, cash holding and dividends decisions, on overall corporate governance and socially responsible behavior. In analyzing the growing body of corporate gender diversity literature, this paper identifies critical flaws of past researches, and recommend suggestions for future studies.
Copyright (c) 2021 Ummya Salma, Aimin Qian
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).