The role of gender diversity on firm performance: a regression quantile approach

Abstract

The relationship between gender diversity and firm performance has been investigated using a regression quantile approach for the largest Turkish firms. Overall, results show that gender diversity has a different effect on firm performance over the different points of the conditional distribution. Moreover, the type of industry seems to be important for the sign and significance of the impact of gender diversity on performance.

Keywords:

• gender diversity
• firm performance
• regression quantile estimation

JEL Classification:

• G34
• G30
• J16
• C10

Notes

¹ The web address for Borsa Istanbul is www.borsaistanbul.com. The data at this website are only made available up to 2008. Data for the years 2007 and 2008 are not used in this study due to the global financial crisis during that time.

² The replacement of a female manager with another female manager is not considered as an improvement in gender diversity.

³ In a way, this measure is the inverse of the coefficient of variation.

⁴ The skewness and kurtosis coefficients for ROA, ROI and the market-based measure (R_V) are (1.57, 10.75), (–5.12, 38.71) and (0.60, 3.67), respectively.