Contributions of Women Directors in Malaysian Listed Companies towards Company’s Financial Performance
Suhaila Zainal Abidin1, Sarina Othman2
1Suhaila Zainal Abidin, Faculty of Administrative Science and Policy Studies, Universiti Teknologi MARA, Shah Alam, Malaysia.
2Sarina Othman, Faculty of Administrative Science and Policy Studies, Universiti Teknologi MARA, Shah Alam, Malaysia.
Manuscript received on 25 April 2019 | Revised Manuscript received on 08 May 2019 | Manuscript Published on 17 May 2019 | PP: 221-227 | Volume-8 Issue-1S May 2019 | Retrieval Number: A10320581S19/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: As the growing numbers of literature acknowledged the importance of women directors in enhancing the company’s performance, either financially or non-financially, the number of women directors apparently is still minimal on the board’s seats. Not only women boards are minority in terms of number, but their significant contributions are also still controversially debated. To answer this call, this study was conducted to strongly emphasize the importance of women directors by making known a few significant contributions that have the ability to enhance the company’s financial performance. Thus, this paper aims to examine relationship between the contributions of women directors as stakeholder representative, good decision maker and in corporate social responsibility with the company’s financial performance. Questionnaires were constructed and delivered to corporate officers in 250 public listed companies with women on boards. The results depicted that stakeholder representatives, good decision maker, and corporate social responsibility have a mixed significant relationship with company’s financial performance. The initial relationship outcomes and multiple regression analysis showed that only the corporate social responsibility was found to have a significant positive relationship with the company’s financial performance. The researchers believe that the findings and recommendations of this study are able to contribute a significant impact on the research area.
Keywords: Women Directors, Company’s Financial Performance, Public Listed Companies, Gender Diversity, Corporate Governance.
Scope of the Article: Financial and Scientific Applications of All Kind