Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion

The purpose of this paper is to empirically examine the effect of demographic diversity on top management teams(TMTs)with regard to firm financial performance. This paper uses secondary data of listed companies in Malaysia. Relevant concepts, propositions,hypotheses and control variables are develop...

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Main Authors: Marimuthu, Maran, Kolandaisamy, Indraah
Format: Citation Index Journal
Institution: Universiti Teknologi Petronas
Record Id / ISBN-0: utp-eprints.12044 /
Published: 2009
Subjects:
HG Finance
Online Access: http://eprints.utp.edu.my/12044/1/Can%20Demographic%20Diversity%20in%20Top%20Management%20Team%20Contribute%20for%20Greater%20Financial%20Performance_An%20Empirical%20Discussion.pdf
http://eprints.utp.edu.my/12044/
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spelling utp-eprints.120442017-03-20T00:31:50Z Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion Marimuthu, Maran Kolandaisamy, Indraah HG Finance The purpose of this paper is to empirically examine the effect of demographic diversity on top management teams(TMTs)with regard to firm financial performance. This paper uses secondary data of listed companies in Malaysia. Relevant concepts, propositions,hypotheses and control variables are developed to suit the parametric statistical procedures. Demographic diversity is represented by ethnic diversity (the percentage of Non-Malay top managers) and gender diversity (the percentage of female top managers) and performance is measured by return on asset (ROA) and return on equity (ROE). A series of OLS regressions based on the cross-sectional data are also presented. The results fail to support our hypotheses. Hence, diversity does not seem to be relevant in TMTs with regard to financial performance. 2009 Citation Index Journal PeerReviewed application/pdf http://eprints.utp.edu.my/12044/1/Can%20Demographic%20Diversity%20in%20Top%20Management%20Team%20Contribute%20for%20Greater%20Financial%20Performance_An%20Empirical%20Discussion.pdf Marimuthu, Maran and Kolandaisamy, Indraah (2009) Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion. [Citation Index Journal] http://eprints.utp.edu.my/12044/
institution Universiti Teknologi Petronas
collection UTP Institutional Repository
topic HG Finance
spellingShingle HG Finance
Marimuthu, Maran
Kolandaisamy, Indraah
Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion
description The purpose of this paper is to empirically examine the effect of demographic diversity on top management teams(TMTs)with regard to firm financial performance. This paper uses secondary data of listed companies in Malaysia. Relevant concepts, propositions,hypotheses and control variables are developed to suit the parametric statistical procedures. Demographic diversity is represented by ethnic diversity (the percentage of Non-Malay top managers) and gender diversity (the percentage of female top managers) and performance is measured by return on asset (ROA) and return on equity (ROE). A series of OLS regressions based on the cross-sectional data are also presented. The results fail to support our hypotheses. Hence, diversity does not seem to be relevant in TMTs with regard to financial performance.
format Citation Index Journal
author Marimuthu, Maran
Kolandaisamy, Indraah
author_sort Marimuthu, Maran
title Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion
title_short Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion
title_full Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion
title_fullStr Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion
title_full_unstemmed Can Demographic Diversity in Top Management Team Contribute for Greater Financial Performance An Empirical Discussion
title_sort can demographic diversity in top management team contribute for greater financial performance an empirical discussion
publishDate 2009
url http://eprints.utp.edu.my/12044/1/Can%20Demographic%20Diversity%20in%20Top%20Management%20Team%20Contribute%20for%20Greater%20Financial%20Performance_An%20Empirical%20Discussion.pdf
http://eprints.utp.edu.my/12044/
_version_ 1741196138733633536
score 11.62408

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