The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms

Harjuna Dipta Aji Satriyo, Iman Harymawan

Abstract

This study aims to discern the influence of female directors on firm performance. Data used for this research was derived from firms listed on the Indonesian Stock Exchange (IDX) during the period 2014-2015. The results show that 26 firms (5.9% of firms observed) appointed a woman as CEO. The findings show that a female CEO is negatively associated with firm performance. However, the result is insignificant. Nevertheless, the results in the subsample show interesting findings. Having a female CEO has a negative but significant association with firm performance in firms of a small size. In contrast, there is no evidence for this relationship in the subsample of larger firms.

Download


Paper Citation


in Harvard Style

Satriyo H. and Harymawan I. (2018). The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms.In Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - Volume 1: JCAE Symposium, ISBN 978-989-758-339-1, pages 747-753. DOI: 10.5220/0007020807470753


in Bibtex Style

@conference{jcae symposium18,
author={Harjuna Dipta Aji Satriyo and Iman Harymawan},
title={The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms},
booktitle={Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - Volume 1: JCAE Symposium,},
year={2018},
pages={747-753},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007020807470753},
isbn={978-989-758-339-1},
}


in EndNote Style

TY - CONF

JO - Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - Volume 1: JCAE Symposium,
TI - The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms
SN - 978-989-758-339-1
AU - Satriyo H.
AU - Harymawan I.
PY - 2018
SP - 747
EP - 753
DO - 10.5220/0007020807470753