Board gender diversity and firm performance: evidence from the Russian agri-food industry

This study provides pioneering empirical evidence on board gender diversity and firm performance relationship for the case of large-scale agri-food companies in Russia. While Russia plays an important role in the global food security, its domestic agri-food production is heavily dependent on large s...

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Bibliographic Details
Published inThe international food and agribusiness management review Vol. 23; no. 1; pp. 35 - 53
Main Authors Tleubayev, Alisher, Bobojonov, Ihtiyor, Gagalyuk, Taras, Glauben, Thomas
Format Journal Article
LanguageEnglish
Published The Netherlands Brill | Wageningen Academic 01.01.2020
Wageningen Academic Publishers
Subjects
board of directors
corporate governance
firm performance
gender diversity
RESEARCH ARTICLE
Russia
corporate governance
board of directors
firm performance
gender diversity
Russia
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Summary:This study provides pioneering empirical evidence on board gender diversity and firm performance relationship for the case of large-scale agri-food companies in Russia. While Russia plays an important role in the global food security, its domestic agri-food production is heavily dependent on large scale producers. Our findings suggest a strong positive link between the percentage of female directors in boardrooms and firm performance. Moreover, in line with critical mass theory, boards with three or more female directors have greater impact on firm performance compared to boards with two or less female directors. Further analysis shows that the presence of female directors in the company has a positive impact on firm performance, mainly due to their executive, rather than monitoring effects. The paper shed light on gender diversity of Russian corporate boardrooms and provides empirical recommendations for policy makers as well as corporate executives in Russia.
ISSN:1559-2448
1559-2448
DOI:10.22434/IFAMR2019.0011