Gender Diversity and Firm Performance

  • Ayu Dwi Utami
Keywords: gender diversity, board of directors, firm performance


In recent years, there has been a lot of interest in the topic of gender diversity on board of directors. This is mostly caused by the fact that there are more women on firm boards of directors every year. Mixed results were found based on some literature from previous research. While some research suggests a beneficial association between gender diversity on boards of directors and firm performance, some even show that there is no clear relationship between the two. The purpose of this study is to investigate how gender diversity on boards of directors effects Indonesian firm performance. The samples came from issuers outside of the financial industry that were still included in the Kompas 100 index between 2013 and 2019. The results of this study's analysis using the robust linear regression method show a strong positive impact between the firm performance and the gender diversity of the board of directors.


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How to Cite
Utami, A. (2023). Gender Diversity and Firm Performance. Proceeding of International E-Conference On Management & Small Medium Enterprise, 1(1), 74-86. Retrieved from