Physical Sciences and Mathematics Commons^™

Women On The Board Of Directors And Their Impact On The Financial Performance Of A Firm: An Empirical Investigation Of Female Directors In The United States Technology Sector, Obinna Mogbogu

Theses and Dissertations

This study uses a sample of S&P 500 firms in the United States technology sector to investigate the likely relationship between female directors and financial performance of firms measured by return on average assets and return on average equity as the two accounting based measures of performance. Reasonable theoretical arguments drawn from resource dependency, human capital, agency, and social psychology theory, suggests that the gender diversity of the board of directors may have either a positive, negative, or neutral effect on the financial performance of the firm. Using nonparametric statistics approach, we find a small negative relationship between female directors …