| dc.description.abstract | This study investigates the relationship between gender diversity in the board of directors and firm financial performance in four selected ASEAN countries including Vietnam, Thailand, Malaysia, and Singapore. Using a sample of 1673 listed companies on five stock exchanges over the five-year period from 2012 to 2016, this relationship is examined in a set of frameworks, which also control for the potential endogeneity. To clarify this topic in concern of institutional environment factors, we employ four proxies: Strength of auditing and reporting standards, Efficacy of corporate boards, Protection of minority shareholders’ interests, and Strength of investor protection. The relationship between gender diversity and firm performance is statistically positively significant in Singapore while this relationship is not proved in Vietnam, Malaysia, and Singapore. Finally, it is found that the impact of gender-diverse board on firm performance is higher when the corporate governance and institutional factors are more effective. | en_US |
