Journal of Applied Finance & Accounting
Vol. 13 No. 1 (2026): Publish on June 2026

A SYSTEMATIC REVIEW OF THE BOARD GENDER DIVERSITY IN INDONESIA

Naura Alifi Rahma (Accounting Department, Faculty of Economics and Business, Universitas Negeri Malang, Malang, Indonesia)
Ani Wilujeng Suryani (Accounting Department, Faculty of Economics and Business, Universitas Negeri Malang, Malang, Indonesia)



Article Info

Publish Date
30 Jun 2026

Abstract

The lack of women in leadership roles contradicts the gender equality point of the SDGs. The issue of gender inequality is fueling an increasing global trend and discussion about women's representation in companies. This study used the systematic literature review (SLR) method to deliveran analysis of previous research to provide guidelines for future research on gender diversity in boards of directors. The research was conducted on 206 articles that met the criteria. The results showed an increase in the trend of article publication. However, the level of research collaboration remains low, as most articles are only written by two researchers from the same institution. The majority of articles utilize agency theory, while some utilize diversity theory, which requires further investigation due to the absence of supporting references. The most frequently used data analysis technique is regression, and the majority of articles measure diversity with the ratio of the proportion of female board directors. The most frequent focus of discussion in articles about gender diversity on boards includes company performance, governance, taxation, and CSR. The above findings indicate that future research can develop and explore less researched discussions to expand knowledge about gender diversity.

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Journal Info

Abbrev

JAFA

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Applied Finance & Accounting (JAFA) showcases useful theoretical and methodological results with the support of interesting empirical applications in the area of Finance and Accounting. Purely theoretical and methodological research with the potential for important applications is also ...