Female Director and Agency Cost: Does board gender diversity at Indian corporate board reduce agency conflict?
- Title
- Female Director and Agency Cost: Does board gender diversity at Indian corporate board reduce agency conflict?
- Creator
- Yadav S.; Yadav M.P.
- Description
- We examined the presence of women directors in top-level management and their effect on principal-principal conflict (PP) and principal-agent conflict (PA) on the firms listed on Indian stock exchange using a panel model approach. For analysis purpose, this study covers the sample of 75 companies belonging to various industries and listed in Bombay Stock Exchange Index, has been studied over thirteen financial years, i.e. from year 2006 to year 2019. This study uses panel data analysis, i.e. fixed effect model and random effect model. The proportion and presence (dichotomous) of women directors on top level management board is taken as the independent variable. Principalprincipal conflict measured by assets utilization ratio (AUR), and principal-agent conflict is been measured by dividend payout ratio (DPR), are taken as dependent variable in this study. The prime results of this study using panel data analysis, i.e. fixed effect (FE) and random effects (RE) estimation models point towards no significant impact of the female director (proportion and presence) on the firm's agency cost (PP and PA). 2021. Transnational Press London. All Rights Reserved.
- Source
- Transnational Marketing Journal, Vol-9, No. 3, pp. 587-596.
- Date
- 2021-01-01
- Publisher
- Transnational Press London Ltd
- Subject
- Assets Utilisation ratio; Bombay Stock Exchange; Corporate Governance; Dividend Payout Ratio; Principal-Agent Cost; Principal-Principal Cost
- Coverage
- Yadav S., Dr Shubhanker Yadav, Assistant Professor, Assistant Professor, Christ University, India; Yadav M.P., Dr Miklesh Prasad Yadav, Assistant Professor, Amity University, Noida, India
- Rights
- Restricted Access
- Relation
- ISSN: 20414684
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Yadav S.; Yadav M.P., “Female Director and Agency Cost: Does board gender diversity at Indian corporate board reduce agency conflict?,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 24, 2025, https://archives.christuniversity.in/items/show/15925.