The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms

Harjuna Dipta Aji Satriyo; Iman Harymawan

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Paper

The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms

In Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study JCAE Symposium - Volume 1, 747-753, 2018 , Bali, Indonesia

Authors: Harjuna Dipta Aji Satriyo and Iman Harymawan

Affiliation: Airlangga University, Indonesia

Keyword(s): female CEO, firm performance, glass ceiling

Abstract: This study aims to discern the influence of female directors on firm performance. Data used for this research was derived from firms listed on the Indonesian Stock Exchange (IDX) during the period 2014-2015. The results show that 26 firms (5.9% of firms observed) appointed a woman as CEO. The findings show that a female CEO is negatively associated with firm performance. However, the result is insignificant. Nevertheless, the results in the subsample show interesting findings. Having a female CEO has a negative but significant association with firm performance in firms of a small size. In contrast, there is no evidence for this relationship in the subsample of larger firms.

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Paper citation in several formats:

Satriyo, H. and Harymawan, I. (2018). The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms. In Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - JCAE Symposium; ISBN 978-989-758-339-1; ISSN 2184-3619, SciTePress, pages 747-753. DOI: 10.5220/0007020807470753

@conference{jcae symposium18,
author={Harjuna Dipta Aji Satriyo. and Iman Harymawan.},
title={The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms},
booktitle={Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - JCAE Symposium},
year={2018},
pages={747-753},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007020807470753},
isbn={978-989-758-339-1},
issn={2184-3619},
}

TY - CONF

JO - Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - JCAE Symposium
TI - The Role of Female CEOs on Firm Performance: Some Evidence from Indonesian Listed Firms
SN - 978-989-758-339-1
IS - 2184-3619
AU - Satriyo, H.
AU - Harymawan, I.
PY - 2018
SP - 747
EP - 753
DO - 10.5220/0007020807470753
PB - SciTePress