Demographic diversity and firm value: A review on large companies using panel data approach

This paper examines the demographic diversity at top-level management and its impact on firm performance. The paper focuses on Upper-echelon theory, which explains board characteristics and firm performance. Theoretical framework is specially designed using concepts, measures and models. Relevant hy...

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Main Authors: Hassan, R., Marimuthu, M., Johl, S.K.
Format: Conference or Workshop Item
Institution: Universiti Teknologi Petronas
Record Id / ISBN-0: utp-eprints.30728 /
Published: Institute of Electrical and Electronics Engineers Inc. 2015
Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-84962269577&doi=10.1109%2fISTMET.2015.7359028&partnerID=40&md5=523f14c7d92de088438c65fbe5625b1c
http://eprints.utp.edu.my/30728/
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spelling utp-eprints.307282022-03-25T07:16:02Z Demographic diversity and firm value: A review on large companies using panel data approach Hassan, R. Marimuthu, M. Johl, S.K. This paper examines the demographic diversity at top-level management and its impact on firm performance. The paper focuses on Upper-echelon theory, which explains board characteristics and firm performance. Theoretical framework is specially designed using concepts, measures and models. Relevant hypotheses are developed to test diversity impact with the use of appropriate variables and measures. A total sample of large 60 top listed companies are considered based on their market capitalization. This empirical work uses BODs attributes and financial data, which are gathered over the period 2009 to 2013. This study incorporates econometrics methodology on panel data analysis, which is used rigorously for hypothesis testing. The results indicate that demographic diversity at board level does have a relationship with market value. © 2015 IEEE. Institute of Electrical and Electronics Engineers Inc. 2015 Conference or Workshop Item NonPeerReviewed https://www.scopus.com/inward/record.uri?eid=2-s2.0-84962269577&doi=10.1109%2fISTMET.2015.7359028&partnerID=40&md5=523f14c7d92de088438c65fbe5625b1c Hassan, R. and Marimuthu, M. and Johl, S.K. (2015) Demographic diversity and firm value: A review on large companies using panel data approach. In: UNSPECIFIED. http://eprints.utp.edu.my/30728/
institution Universiti Teknologi Petronas
collection UTP Institutional Repository
description This paper examines the demographic diversity at top-level management and its impact on firm performance. The paper focuses on Upper-echelon theory, which explains board characteristics and firm performance. Theoretical framework is specially designed using concepts, measures and models. Relevant hypotheses are developed to test diversity impact with the use of appropriate variables and measures. A total sample of large 60 top listed companies are considered based on their market capitalization. This empirical work uses BODs attributes and financial data, which are gathered over the period 2009 to 2013. This study incorporates econometrics methodology on panel data analysis, which is used rigorously for hypothesis testing. The results indicate that demographic diversity at board level does have a relationship with market value. © 2015 IEEE.
format Conference or Workshop Item
author Hassan, R.
Marimuthu, M.
Johl, S.K.
spellingShingle Hassan, R.
Marimuthu, M.
Johl, S.K.
Demographic diversity and firm value: A review on large companies using panel data approach
author_sort Hassan, R.
title Demographic diversity and firm value: A review on large companies using panel data approach
title_short Demographic diversity and firm value: A review on large companies using panel data approach
title_full Demographic diversity and firm value: A review on large companies using panel data approach
title_fullStr Demographic diversity and firm value: A review on large companies using panel data approach
title_full_unstemmed Demographic diversity and firm value: A review on large companies using panel data approach
title_sort demographic diversity and firm value: a review on large companies using panel data approach
publisher Institute of Electrical and Electronics Engineers Inc.
publishDate 2015
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-84962269577&doi=10.1109%2fISTMET.2015.7359028&partnerID=40&md5=523f14c7d92de088438c65fbe5625b1c
http://eprints.utp.edu.my/30728/
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score 11.62408