Do Women in Top Management Teams Have an Effect on Company Performance - Evidence from Scandinavia
(2015) BUSP70 20151Department 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:
http://lup.lub.lu.se/student-papers/record/5472375
- author
- Karlsson, Mikael LU and Lerstad Langaas, Stine Kamilla LU
- supervisor
- organization
- course
- BUSP70 20151
- year
- 2015
- 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}}, }