Jurnal Manajemen dan Kewirausahaan (JMDK)
Vol 9, No 1 (2021): June 2021

Do Gender and Education Matter for Company Financial Performance? Evidence from Indonesian Companies

Adam Zakaria (Universitas Negeri Jakarta)
Suherman Suherman (Universitas Negeri Jakarta)
Agung Dharmawan Buchdadi (Universitas Negeri Jakarta)
Sukma Andika Rahmayanti (Universitas Negeri Jakarta)
Muhammad Edo Suryawan Siregar (Universitas Negeri Jakarta)



Article Info

Publish Date
29 Jun 2021

Abstract

This research is aimed to investigate the influence of gender diversity and educational level in board of commissioner on the performance of non-financial company listed in Indonesia Stock Exchange for 2013-2017 period. Gender diversity as the first research variable was measured by female existence as the head of commissioner, female existence on board of commissioner and its proportion. Meanwhile, education level of female in board of commissioner as the second variable was measured with dummy 1 for master and doctoral graduate and 0 for other levels. Next, the company performance variable is proxied with a return on assets (ROA), return on equity (ROE), and Tobin’s Q. The model employed in this research was an unbalanced data panel using fixed and random effect model approach. The results show that gender diversity has a significant impact on ROA, but an insignificant impact on ROE and Tobin’s Q. Further, education does not have a significant impact on financial performance. In general, board characteristics do not have an important role in determining financial performance.

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Journal Info

Abbrev

jmdk

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Jurnal Manajemen dan Kewirausahaan is a periodical issue containing information and analysis related to management science and entrepreneurship. This journal is of a popular scientific nature that includes both theoretical and empirical research. ...