University of Twente Student Theses


Female directors on German supervisory boards and firms’ financial performance

Dick, A. (2015) Female directors on German supervisory boards and firms’ financial performance.

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Abstract:This study examines the relationship between gender diversity on supervisory boards in a two-tier board structure with firms’ financial performance. The sample was taken out of the group of companies that are classified as “large corporations” by German law and therefore consists of solely German corporations. The relationship was explored, using financial accounting performance data for the years 2009 and 2013 (return on assets and return on equity), stock performance data and the average percentage of women directors in 108 German “large corporations” over the years 2012 and 2013. The analysis is controlled by several industry, financial, organizational variables and one diversity variable, namely the directors’ nationality. Furthermore a robustness check was conducted, using stock price performance as a financial indicator. The correlation and regression analyses did not show enough evidence to indicate a significant relationship between gender diversity and firms’ financial performance.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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