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Women on corporate boards and corporate financial and non-financial performance: a systematic literature review and future research agenda

Women on corporate boards and corporate financial and non-financial performance: a systematic literature review and future research agenda
Women on corporate boards and corporate financial and non-financial performance: a systematic literature review and future research agenda
This paper provides an up-to-date and comprehensive systematic literature review (SLR) of the existing research on women on corporate boards (WOCBs) and corporate financial and non-financial performance. The aim is to synthesise and extend current understanding of both the existing (i) theoretical (i.e., economic, psychological and social) perspectives and (ii) empirical evidence on the (a) multi-level (i.e., individual-, social-, firm- and country-level) antecedents of WOCBs, and (b) the effects that WOCBs have on a wide range of corporate financial and non-financial performance. We achieve this by adopting a three-step SLR approach to analyse/review one of the largest SLR datasets to be employed to date, consisting of 634 mixed, qualitative, quantitative and theoretical studies conducted in over 100 countries from more than 10 disciplines (e.g., accounting, finance, economics and governance) from 1981 to 2019 and published in 270 top-ranked journals. Our findings are as follows. First, a large number of existing studies are descriptive and/or they draw on single rather than multi-theoretical perspectives. Second, existing studies have focused on firm-level rather than country-level antecedents of WOCBs. Third, observable methodological limitations include the dearth of qualitative, mixed-methods and cross-cultural/country studies. Finally, we outline opportunities for future WOCBs research.
Corporate Financial Performance, Corporate Governance, Corporate Non-financial Performance, Systematic Literature Review, Women on Corporate Boards
1057-5219
1-24
Nguyen, Thi Hong Hanh
8deda4df-540d-4d80-aa86-b92b3c2ae18d
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Malagila, John
cc93732f-b2bd-49c9-843e-4a6039b4124c
Nguyen, Thi Hong Hanh
8deda4df-540d-4d80-aa86-b92b3c2ae18d
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Malagila, John
cc93732f-b2bd-49c9-843e-4a6039b4124c

Nguyen, Thi Hong Hanh, Ntim, Collins and Malagila, John (2020) Women on corporate boards and corporate financial and non-financial performance: a systematic literature review and future research agenda. International Review of Financial Analysis, 71, 1-24, [101554]. (doi:10.1016/j.irfa.2020.101554).

Record type: Article

Abstract

This paper provides an up-to-date and comprehensive systematic literature review (SLR) of the existing research on women on corporate boards (WOCBs) and corporate financial and non-financial performance. The aim is to synthesise and extend current understanding of both the existing (i) theoretical (i.e., economic, psychological and social) perspectives and (ii) empirical evidence on the (a) multi-level (i.e., individual-, social-, firm- and country-level) antecedents of WOCBs, and (b) the effects that WOCBs have on a wide range of corporate financial and non-financial performance. We achieve this by adopting a three-step SLR approach to analyse/review one of the largest SLR datasets to be employed to date, consisting of 634 mixed, qualitative, quantitative and theoretical studies conducted in over 100 countries from more than 10 disciplines (e.g., accounting, finance, economics and governance) from 1981 to 2019 and published in 270 top-ranked journals. Our findings are as follows. First, a large number of existing studies are descriptive and/or they draw on single rather than multi-theoretical perspectives. Second, existing studies have focused on firm-level rather than country-level antecedents of WOCBs. Third, observable methodological limitations include the dearth of qualitative, mixed-methods and cross-cultural/country studies. Finally, we outline opportunities for future WOCBs research.

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Accepted_Manuscript_IRFA_18_June_2020 - Accepted Manuscript
Restricted to Repository staff only until 17 December 2021.
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More information

Accepted/In Press date: 17 June 2020
e-pub ahead of print date: 16 July 2020
Published date: October 2020
Keywords: Corporate Financial Performance, Corporate Governance, Corporate Non-financial Performance, Systematic Literature Review, Women on Corporate Boards

Identifiers

Local EPrints ID: 441559
URI: http://eprints.soton.ac.uk/id/eprint/441559
ISSN: 1057-5219
PURE UUID: a7ad9772-f37c-41f6-b2a0-079dd8fb1949
ORCID for Thi Hong Hanh Nguyen: ORCID iD orcid.org/0000-0002-0738-1606
ORCID for Collins Ntim: ORCID iD orcid.org/0000-0002-1042-4056
ORCID for John Malagila: ORCID iD orcid.org/0000-0001-5327-2286

Catalogue record

Date deposited: 18 Jun 2020 16:30
Last modified: 26 Nov 2021 02:55

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Contributors

Author: Thi Hong Hanh Nguyen ORCID iD
Author: Collins Ntim ORCID iD
Author: John Malagila ORCID iD

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