Open Journal Systems

PENGARUH DIVERSITAS GENDER DEWAN TERHADAP KINERJA KEUANGAN PADA PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2014-2017

Septian Yudha Kusuma, Sudarman Sudarman, Dwi Astutik

Abstract

This study aims to examine the effect of board gender diversity on financial performance. The study sample included 39 banks listed on the Indonesia Stock Exchange for the period 2015-2017. The analytical method used is multiple linear regression by testing classical assumptions. As a result, the presence of women on the board as measured by women's total board, women's board dummy and women's board ratio proved to have no effect on financial performance. Meanwhile, firm size and net assets as control variables proved to significantly influence financial performance.

Keywords

Gender Diversity; Board of Directors; ROA; and Banking

References

Adams, R. B. dan D. Ferreira. 2008. Women in the boardroom and their impact on governance and performance. Journal of Financial Economics. 94(2):291–309.

Apesteguia, J., G. Azmat, dan N. Iriberri. 2012. The impact of gender composition on team performance and decision making: evidence from the field. Management Science. 58(1):78–93.

Astuti, E. P. 2017. Pengaruh diversitas dewan direksi terhadap nilai perusahaan pada perusahaan manufaktur yang terdaftar di bursa efek indonesia periode 2008-2011. KREATIF : Jurnal Ilmiah Prodi Manajemen Universitas Pamulang. 4(2):159–179.

Bear, S., N. Rahman, dan C. Post. 2010. The impact of board diversity and gender composition on corporate social responsibility and firm reputation. Journal of Business Ethics. 97(2):207–221.

Campbell, K. dan A. Mínguez-Vera. 2008. Gender diversity in the boardroom and firm financial performance. Journal of Business Ethics. 83(3):435–451.

Carter, D. A., F. D’Souza, B. J. Simkins, dan W. G. Simpson. 2010. The gender and ethnic diversity of us boards and board committees and firm financial performance. Corporate Governance: An International Review. 18(5):396–414.

Carter, D. A., B. J. Simkins, dan W. G. Simpson. 2003. Corporate governance , board diversity , and firm value. The Financial REview. 38:33–53.

Charness, G. dan U. Gneezy. 2010. Strong evidence for gender differences in experimental investment

Chen, G., C. Liu, dan D. Tjosvold. 2005. Conflict management for effective top management teams and innovation in china. Journal of Management Studies. 42(2):277–300.

Claessens, S., S. Djankov, dan L. H. P. Lang. 2000. The separation of ownership and control in east asian corporations. Journal of Financial Economics. 58:81–112.

Core, J. E., W. R. Guay, dan T. O. Rusticus. 2006. Does weak governance cause weak stock returns ? an examination of firm operating performance and investors ’ expectations. The Journal of Finance. LXI(2):655–687.

Croson, R. dan U. Gneezy. 2009. Gender differences in preferences. Journal of Economic Literature. 47(2):1–27.

de Andres, P., V. Azofra, dan F. Lopez. 2005. Corporate boards in oecd countries : size , composition , functioning and effectiveness. Corporate Governance: An International Review. 13(2):197–210.

Erhardt, N. L., J. D. Werbel, dan C. B. Shrader. 2003. Board of director diversity and firm financial performance. Corporate Governance. 11(2):102–111.

Farrell, K. A. dan P. L. Hersch. 2005. Additions to corporate boards: the effect of gender. Journal of Corporate Finance. 11(1–2):85–106.

Gordini, N. dan E. Rancati. 2017. Gender diversity in the italian boardroom and firm financial performance. Management Research Review. 40(1)

Harjoto, M., I. Laksmana, dan R. Lee. 2015. Board diversity and corporate social responsibility. Journal of Business Ethics. 132(4):641–660.

Hillman, A. J., A. A. Cannella Jr., dan I. C. Harris. 2002. Women and racial minorities in the boardroom: how do directors differ? Journal of Management. 28(6):747–763.

Hillman, A. J. dan T. Dalziel. 2003. Boards of directors and firm performance: integrating agency and resource dependence perspectives. Academy of Management Review. 28(3):383–396.

Ibrahim, A. H. dan M. M. Hanefah. 2016. Board diversity and corporate social responsibility in jordan. Journal of Financial Reporting and Accounting. 14(2):279–298.

IFC / The World Bank Group. 2013. IFC Mendukung Wanita Di Jajaran Direksi Perusahaan Di Indonesia. http://www.worldbank.org/in/news/feature/2013/07/31/ifc-championing-women-on-corporate-boards-in-indonesia

Jensen, M. C. dan W. H. Meckling. 1976. Theory of the firm : managerial behavior , agency costs and ownership structure. Journal of Financial Economics. 3(4):305–360.

Joecks, J., K. Pull, dan K. Vetter. 2013. Gender diversity in the boardroom and firm performance: what exactly constitutes a “critical mass?” Journal of Business Ethics. 118(1):61–72.

Kamla, R. dan H. G. Rammal. 2013. SOCIAL reporting by islamic banks: does social justice matter? Accounting, Auditing & Accountability Journal. 26(6):911–945.

Kang, H., M. Cheng, dan S. J. Gray. 2007. Corporate governance and board composition: diversity and independence of australian boards. Corporate Governance: An International Review. 15(2):194–207.

Kılıç, M. dan C. Kuzey. 2016. The effect of board gender diversity on firm performance: evidence from turkey. Gender in Management. 31(7):434–455.

Mardiyati, U. 2012. PENGARUH frekuensi rapat dewan direktur dan jumlah direktur wanita terhadap kinerja perbankan. Ekuitas: Jurnal Ekonomi Dan Keuangan. 20(2):172–187.

Miller, T. dan M. del C. Triana. 2009. Demographic diversity in the boardroom : mediators of the board diversity – firm performance relationship. Journal of Management Studies. 46(5):755–786.

Milliken, F. J. dan L. L. Martins. 1996. Searching for common threads: understanding the multiple effects of diversity in organizational groups. Academy of Management Review. 21(2):402–433.

Nasih, M. 2012. Pengaruh skala ekonomi (aset dan ekuitas) terhadap kinerja keuangan perusahaan perbankan di indonesia. KOMPILASI

Reguera-Alvarado, N., P. de Fuentes, dan J. Laffarga. 2017. Does board gender diversity influence financial performance ? evidence from spain. Journal of Business Ethics. 141(2):337–350.

Robinson, G. dan K. Dechant. 1997. Building a business case for diversity. Academy of Management Perspectives. 11(3):21–31.

Rose, C. 2007. Does female board representation influence firm performance ? the danish evidence . corporate governance : an international does female board representation influence firm performance ? the danish evidence. Corporate Governance. 15(2):404–413.

Siciliano, J. I. 1996. The relationship of board member diversity to organizational performance. Journal of Business Ethics. 15:1313–1320.

Torchia, M., A. Calabro, dan M. Huse. 2011. Women directors on corporate boards : from tokenism to critical mass. Journal of Business Ethics. 102(2):299–317.

Voordeckers, W., A. Van Gils, dan J. Van Den Heuvel. 2007. Board composition in small and medium-sized family firms. Journal of Small Business Management. 45(1):137–156.

Walt, N. Van Der dan C. Ingley. 2003. Board dynamics and the influence of professional background , gender and ethnic diversity of directors. Corporate Governance: An International Review. 11(3):218–234.

Wijaya, P. C. dan B. Suprasto. 2015. Pengaruh persebaran dewan two tier (dewan gabungan) pada nilai perusahaan sektor keuangan. E-Jurnal Akuntansi Universitas Udayana. 12(3):722–734.

Full Text: PDF (Bahasa Indonesia)

DOI: 10.21043/equilibrium.v6i2.4782