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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)
Please use this url to cite or link to this publication:
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}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Do Women in Top Management Teams Have an Effect on Company Performance - Evidence from Scandinavia}},
  year         = {{2015}},
}