This study aims to examine if female representation on board can enhance the firms’ performance during the times of crises and uncertainty related to the Covid-19 pandemic outbreak. This study uses a sample of Egyptian firms listed on the Egyptian Stock Exchange index (EGX100), over the period 2017 to 2021. Ordinary Least Squares (OLS) and two-stage least squares (2SLS) regression analysis are used to test the hypotheses. Results show that board gender diversity has a positive and significant impact on firm performance as measured by returns on assets (ROA), but not when measured by Tobin’s Q (i.e., firm value). After splitting the sample, results reveal that board gender diversity has a positive impact on firm performance (as measured by ROA) during the period of Covid-19 pandemic (2020-2021), but not before it (2017-2019). This implies the significant role of female representation on corporate board during times of uncertainty and crises.
Elsayed, D. H. A. (2023). The Impact of Board Gender Di-versity on Firms Performance During the Covid-19 Crisis. Alexandria Journal of Accounting Research, 7(1), 1-29. doi: 10.21608/aljalexu.2023.288778
MLA
Dalia Hussein Abdelhay Elsayed. "The Impact of Board Gender Di-versity on Firms Performance During the Covid-19 Crisis". Alexandria Journal of Accounting Research, 7, 1, 2023, 1-29. doi: 10.21608/aljalexu.2023.288778
HARVARD
Elsayed, D. H. A. (2023). 'The Impact of Board Gender Di-versity on Firms Performance During the Covid-19 Crisis', Alexandria Journal of Accounting Research, 7(1), pp. 1-29. doi: 10.21608/aljalexu.2023.288778
VANCOUVER
Elsayed, D. H. A. The Impact of Board Gender Di-versity on Firms Performance During the Covid-19 Crisis. Alexandria Journal of Accounting Research, 2023; 7(1): 1-29. doi: 10.21608/aljalexu.2023.288778
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