Board Gender Diversity, Corporate Reputation and Market Performance

Authors

  • Meredith B. Larkin Roger Williams University, United States
  • Richard A. Bernardi Roger Williams University, United States
  • Susan M. Bosco Roger Williams University, United States

DOI:

https://doi.org/10.32890/ijbf2012.9.1.1

Keywords:

Ethical orientations, Corporate reputation, Market performance, Gender diversity

Abstract

This study examines the association between corporate transparency, ethical orientation of Fortune 500 companies, the number of females represented on the board of directors as reported in the 2010 annual report data and respective stock performance. Our basis for this judgement was whether the firm was listed on either (both) Ethisphere Magazine’s 2010 ‘World’s Most Ethical Companies’ or (and) Corporate Responsibility Magazine’s 2010 ‘100 Best Corporate Citizens List’. Our results indicate that, as the number of women directors increased, the probability of a corporation appearing in these lists increases. Finally, while being on one of these lists did not increase corporate return data in a statistically significant sense, it did dramatically reduce the degree of negative returns.

 

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Published

22-03-2012

Issue

Vol. 9 No. 1 (2012): International Journal of Banking and Finance (IJBF) Vol. 9, No.1, 2012

Section

Articles

How to Cite

Larkin, M. B., Bernardi, R. A., & Bosco, S. M. (2012). Board Gender Diversity, Corporate Reputation and Market Performance. International Journal of Banking and Finance, 9(1), 1-26. https://doi.org/10.32890/ijbf2012.9.1.1

Research impact

Harvested 2026-09-07
54 citations, from OpenAlex — the highest of the sources checked

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Identifiers DOI 10.32890/ijbf2012.9.1.1 OpenAlex W2230708703