The differences of company’s performance from CEO diversity

• Autorzy: Kristanti Farida Titik , Iswandi

Identyfikatory

DOI

10.17512/pjms.2019.19.2.20

Warianty tytułu

PL

Zależność wyników firmy od różnorodności dyrektorów generalnych

• Języki publikacji: EN

Abstrakty

EN

This study aims to investigate both relationship and influence of gender diversity in the company's board of directors and financial ratios on company’s performance. In Indonesia, the number of females as Chief Executive Officer (CEO) leading public companies is quite numerous. It allows researcher to compare the performance of companies with different gender diversity statistically. The study investigated 364 companies from 9 sectors listed on the Indonesia Stock Exchange (IDX) in the period of 2014-2017. Balanced panel data regression was used to analyse whether gender diversity on the board of directors and financial ratios affected the company’s performance. The results of the estimation showed that Price to Book Value, Debt Equity Ratio, Current Ratio and Total Asset Turnover influenced the company’s performance. Although the influence of gender diversity was not significant, the results of the difference test proved that there are differences on company’s performance, led by either female CEOs or male CEOs. These positive results will support the development of gender diversity in Indonesia’s business world.

PL

Niniejsze badanie ma na celu zbadanie zarówno relacji, jak i wpływu różnorodności płci w zarządzie spółki oraz wskaźników finansowych dotyczących wyników firmy. W Indonezji liczba kobiet jako zarządzających czołowymi spółek publicznymi jest bardzo znacząca. Pozwala to statystycznie porównać wyniki firm w relacji do różnorodności płciowej zarządzających. W badaniu zbadano 364 firmy z 9 sektorów notowanych na giełdzie w Indonezji (IDX) w okresie 2014-2017. Zrównoważona regresja danych panelu została wykorzystana do analizy, czy zróżnicowanie płci w zarządzie miały wpływ na wskaźniki finansowe a następnie na wyniki firmy. Rezultaty oszacowania pokazały, że wartość księgowa, wskaźnik zadłużenia kapitału, stosunek bieżących i łącznych obrotów aktywami miały wpływ na wyniki spółki. Chociaż wpływ zróżnicowania płci nie był znaczący, wyniki testu różnicowego wykazały, że istnieją różnice w wynikach firmy, kierowane zarówno przez dyrektorów generalnych kobiety, jak i mężczyzn. Te pozytywne rezultaty mogą wspierać rozwój różnorodności płci w indonezyjskim świecie biznesu.

Słowa kluczowe

EN

CEO; gender diversity; performance

PL

dyrektor generalny; różnorodność płci; wydajność

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2019
• Tom: Vol. 19, No. 2
• Strony: 240--249
• Opis fizyczny: Bibliogr. 32 poz., rys., tab.

Twórcy

autor

Kristanti Farida Titik

• Faculty of Economics and Business, Telkom University, Bandung, Indonesia

autor

Iswandi

• Faculty of Economics and Business, Telkom University, Bandung, Indonesia

Bibliografia

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Uwagi

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).