Board Gender Diversity and Firm Performance: A Review of Recent Literature and Future Research Perspectives

Abstract

Board gender diversity has gained a significant consideration with the introduction of mandatory requirements aimed at increasing the presence of women on the corporate boards. However, the exact nature of its impact on a firm’s performance is still lack in solid and conclusive empirical evidence. Given this empirical gap, this study critically reviews the recent literature (years 2010 – 2019) on board gender diversity and firm performance, and provides a synopsis on such recent empirical evidence. The study also identifies different measures used in the literature in measuring the variables of concern and discusses its impact on the empirical results. Finally, the study also addresses the gap in the extant literature and proposes important insights to the interested academic community regarding potential future research perspectives.