eCite Digital Repository

Determinants of women representation on corporate boards: evidence from Australia

Citation

Ahmed, A and Higgs, H and Ng, C and Delaney, D, Determinants of women representation on corporate boards: evidence from Australia, Accounting Research Journal, 31, (3) pp. 326-342. ISSN 1030-9616 (2018) [Refereed Article]

Copyright Statement

Emerald Publishing Limited 2016

DOI: doi:10.1108/ARJ-11-2015-0133

Abstract

Purpose: This paper aims to investigate the determinants of women representation on Australian corporate boards under the ASXs "if not, why not" corporate governance framework. It further aims to improve the study of Geiger and Marlin (2012) by using a theoretically sound two-limit Tobit model to examine the determinants.

Design/methodology/approach: This study uses the two-limit Tobit model to examine the determinants of women representation on ASX 500 boards. This approach is used due to the censored nature of the dependent variable.

Findings: This study finds that the two-limit Tobit model is an appropriate methodology to accommodate the censored dependent variable. It further finds that firm size, women as chair of boards, corporate governance index, Global Reporting Initiative signatory, debt ratio, average board age, BIG4 auditors, chief executive officer tenure and shareholder concentration are major determinants of women on boards.

Research limitations/implications: The use of only ASX 500 companies and the sample years (2011-2014) may limit the generalisation of the findings.

Originality/value: This is the first extensive longitudinal Australian study to examine the drivers of women representation on corporate boards. It is also the first of its kind to use the two-limit Tobit model to consider these determinants.

Item Details

Item Type:Refereed Article
Keywords:Determinants, Gender diversity, Women on corporate boards, Two-limit Tobit model
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Accounting theory and standards
Objective Division:Expanding Knowledge
Objective Group:Expanding knowledge
Objective Field:Expanding knowledge in commerce, management, tourism and services
UTAS Author:Delaney, D (Dr Deborah Delaney)
ID Code:138284
Year Published:2018
Web of Science® Times Cited:6
Deposited By:Accounting and Corporate Governance
Deposited On:2020-03-31
Last Modified:2020-04-24
Downloads:0

Repository Staff Only: item control page