Corporate diversity in corporate governance and its effect on financial performance: a study on FTSE-MIB listed companies

• Autor(a) principal: Cammarata, Marco
• Data de Publicação: 2016
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/18672
• topic: Corporate governance; Performance; Gender diversity; Correlation; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

I examine the presence of women in Italian corporate boards after the inception of the Act 120/2011 by the Italian Government. I considered all the directors of the 40 companies listed in the FTSE – MIB index in 2015 and analyze the implications of gender diversity in corporate boards. Furthermore I study the correlation between gender diversity and financial performance. Different conclusions can be extrapolated from my analysis. My study shows a statistical significance between the presence of female directors in a company and its Return on Asset (ROA) in two different periods. The analysis led to the existence of a statistical significance between ROE and the percentage of female directors in administration boards. Finally I did not find any significant relation between Profit Margin and a diverse boards.