Impact Women on Board (WOB) on Firm’s financial Performance : a study of Malaysia’s public listed companies
Date
2015
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Abstract
This study seeks to establish the impact women on board (WOB) towards the financial performance of Malaysia’s Public Listed Companies. This research were done on 52 companies of Public Listed registered in Bursa Malaysia which covered the period of 2010 to 2015, total observation of 260 firms/years. The independent variables to measure presence women on board include number women on board (NWOB), percentage women on board (PWOB) and number female non-executive directors (NFNED). The dependent variables used in this research are return on assets (ROA), return on equity (ROE) and return on capital employed (ROCE). The study adopted descriptive and explanatory research design. Also this study used a cross sectional and time series data collection approach that was analysed using E-views software. The observation of 260 firms/years was selected using simple random sampling. The collected data was analyzed using descriptive means, Pearson correlation and multiple linear regression via E-views. Regression analysis was employed in examine the impact and influences of WOB. Thus, the findings shows that NWOB, PWOB and NFNED has significant relationship on ROA, ROE and ROCE, except found insignificant relationship between PWOB and ROA. Besides, variables PWOB and NFNED has positive impact on the three measure; ROA, ROE and ROCE but has negative impact from NWOB on the three financial measure. The uniqueness of this paper that the study of NFNED and ROCE as few research only done in this relationship.
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Business Management