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Authors
Advisor(s)
Abstract(s)
This study analysis the relationship between gender diversity on the board of directors’ executive roles and
the firm economic value. Based on a sample of Portuguese non-financial listed firms, between 2010 and
2018, results show that executive female contribute to decrease the firm economic value-added, and CEO
gender diversity to decrease market value added, while no impact is found to traditional performance
measures. Since the presence of women on the board of Portuguese firms is still scarce, female presence is
not seen as relevant to add value to firms. These results are pioneer since previous studies found no impact
of female presence on boards on value added measures. Moreover, findings show the relevance of value
added measures to analyze performance and its singularities compared to profitability measures.
Description
Keywords
Gender diversity Executive woman Performance EVA Board of directors Corporate governance Listed firms Portugal
Citation
Lisboa, I. & Teodósio, J. (2021). Executive Women and Firm Economic Value (chapter 17). Comparative Research on Earnings Management, Corporate Governance, and Economic alue. IGI Global, 345-361 (DOI: 10.4018/978-1-7998-7596-3.ch17)
Publisher
IGI Global