Female directors, family ownership and firm performance in Jordan

Zaid Saidat*, Claire Seaman, Mauricio Silva, Lara Al-Haddad, Zyad Marashdeh

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)
155 Downloads (Pure)

Abstract

This study examines the impact of female directors on the financial performance of family and non-family Jordanian firms. A sample of 103 Jordanian public firms listed on Amman Stock Exchange for the time period 2009-2015 was selected. The study had a quantitative approach and used a panel data methodology. The data analysis was conducted using Ordinary Least Square Regression. ROA and Tobin's Q were deployed as measurement of financial performance. The appointment of female directors does not have any significant impact on the financial performance of family firms. However, with regard to non-family firms, female directors appeared to have a negative impact on the performance of these firms. The impact of female directors on family firm performance merits further research in the context of different countries and cultures. Appointments based on qualifications and expertise is more likely to have a positive impact. Jordan is an under-researched area where the impact of female directors on the firm performance would merit further research. Differentiating between the impact of female directors on family and non-family firms would also merit further research, especially in the context of the conditions under which they are appointed.

Original languageEnglish
Pages (from-to)206-219
Number of pages14
JournalInternational Journal of Financial Research
Volume11
Issue number1
DOIs
Publication statusPublished - 10 Oct 2019
Externally publishedYes

Keywords

  • Family firms
  • Female directors
  • Firm performance
  • Jordan
  • Non-family firms

ASJC Scopus subject areas

  • Business and International Management
  • Accounting
  • Economics, Econometrics and Finance (miscellaneous)

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