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Do Women in Top Management Teams Have an Effect on Company Performance - Evidence from Scandinavia

Karlsson, Mikael LU and Lerstad Langaas, Stine Kamilla LU (2015) BUSP70 20151
Department of Business Administration
Abstract
This paper investigates if a relationship exists between women in TMTs and firm performance for 187 Large- and Mid-Cap firms in Scandinavia for the period 2009-2013. Thereby adding to the scarce international evidence within the gender diversity in TMTs literature. The theoretical simultaneous relationship between performance and gender diversity in TMTs is taken into account and a 2SLS approach is applied. In general, the results from the 2SLS indicate that the inclusion of women in TMTs, as measured by four diversity measures, has a significant impact on firm performance as measured by Tobin’s Q - while having no impact on performance as measured by ROA. Considering the weakness of the instruments employed, panel techniques are also... (More)
This paper investigates if a relationship exists between women in TMTs and firm performance for 187 Large- and Mid-Cap firms in Scandinavia for the period 2009-2013. Thereby adding to the scarce international evidence within the gender diversity in TMTs literature. The theoretical simultaneous relationship between performance and gender diversity in TMTs is taken into account and a 2SLS approach is applied. In general, the results from the 2SLS indicate that the inclusion of women in TMTs, as measured by four diversity measures, has a significant impact on firm performance as measured by Tobin’s Q - while having no impact on performance as measured by ROA. Considering the weakness of the instruments employed, panel techniques are also estimated and find no significant effects. (Less)
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author
Karlsson, Mikael LU and Lerstad Langaas, Stine Kamilla LU
supervisor
organization
course
BUSP70 20151
year
type
H2 - Master's Degree (Two Years)
subject
keywords
TMT, Women, Gender Diversity, Scandinavia, Company Performance
language
English
id
5472375
date added to LUP
2015-06-16 16:33:29
date last changed
2015-06-16 16:33:29
@misc{5472375,
  abstract     = {This paper investigates if a relationship exists between women in TMTs and firm performance for 187 Large- and Mid-Cap firms in Scandinavia for the period 2009-2013. Thereby adding to the scarce international evidence within the gender diversity in TMTs literature. The theoretical simultaneous relationship between performance and gender diversity in TMTs is taken into account and a 2SLS approach is applied. In general, the results from the 2SLS indicate that the inclusion of women in TMTs, as measured by four diversity measures, has a significant impact on firm performance as measured by Tobin’s Q - while having no impact on performance as measured by ROA. Considering the weakness of the instruments employed, panel techniques are also estimated and find no significant effects.},
  author       = {Karlsson, Mikael and Lerstad Langaas, Stine Kamilla},
  keyword      = {TMT,Women,Gender Diversity,Scandinavia,Company Performance},
  language     = {eng},
  note         = {Student Paper},
  title        = {Do Women in Top Management Teams Have an Effect on Company Performance - Evidence from Scandinavia},
  year         = {2015},
}