Racheal Nana Dankwano; Zubair Hassan
Volume 5, Issue 5 , May 2018, , Pages 319-341
Abstract
Gender diversity has tremendously gained attention in the corporate world both among policy makers and researchers. This is because it has been believed that gender diverse board brings different perspectives of idea to the board which enhances the firm financial performance. The purpose of this research ...
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Gender diversity has tremendously gained attention in the corporate world both among policy makers and researchers. This is because it has been believed that gender diverse board brings different perspectives of idea to the board which enhances the firm financial performance. The purpose of this research is to examine the impact of gender diversity on Indian firm’s financial performance. The research has been carried out on 21 female dominated companies (having more than 10% female director’s) and 21 male dominated companies (having less than 10% female directors) listed on Bombay Stock Exchange (BSE) with total population of 220 companies spread across different industry segment from both public and private sectors. This research employed cross-sectional data for a period of 2017 and used stratified proportionate random sampling technique. The dependent variable firm financial performance adopted by the study used accounting base-return which is measure by Return on asset (ROA) and Return on equity (ROE). This study adopted an explanatory research design and secondary data was collected and analyzed through independent samples test and Group statistics using SPSS software. This research found that increasing number of female directors has a negative significant impact on ROA. Additionally, the study found increasing number of female directors has a positive significant impact on ROE. This research is limited in relying on cross-sectional data. It was recommended that future researchers should consider using longitudinal data and also investigate other variables that were not included in this study such as female CEO, women age, educational qualification of the female directors, Return on sales and net profit margin.
Abdul Basit; Zubair Hassan
Volume 4, Issue 2 , February 2017, , Pages 118-135
Abstract
The purpose of this study is to investigate Debt to Equity ratio to determine firm performance of Pakistani companies listed in Chemical, Food and Care products, Cement, Pharmaceutical, Auto assembler and Textile sector. The research done on 50 companies listed under Karachi Stock exchange covered the ...
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The purpose of this study is to investigate Debt to Equity ratio to determine firm performance of Pakistani companies listed in Chemical, Food and Care products, Cement, Pharmaceutical, Auto assembler and Textile sector. The research done on 50 companies listed under Karachi Stock exchange covered the period of 2010-2014, total observations of 250 firms-years. The independent variable is Debt to Equity and dependent variables are Size, Earnings per Share, Return on Assets, Return on Equity and Marketing. The research employed Descriptive Statistics, Pearson correlation coefficient and multiple linear regressions and the findings shows Earnings per share, Return on Equity and Return on Assets are significantly correlated to Debt to Equity ratio. While Debt to equity ratio founds a significant impact on Size and Return on Assets. Furthermore, it is recommended that other firm specific factors can also be used with a more wider time span like Dividends, Taxes etc to gauge the impact and end with a more accurate outcome. This Study will eventually benefit the finance mangers to define an optimal capital structure and also the research community by providing new knowledge regarding the impacts of capital structure. Though, other major economies can also be examined with different other industries to check the deviation of capital structure formation.