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Doing more with more: Women on the board and firm employment

Tunyi Tunyi Abongeh, Geofry Areneke Orcid Logo, Abiye Tob-Ogu Orcid Logo, Sharif Khalid

Journal of Business Research, Volume: 154, Start page: 113385

Swansea University Author: Tunyi Tunyi Abongeh

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DOI (Published version): 10.1016/j.jbusres.2022.113385

Abstract

While corporations play a pivotal social role by creating employment opportunities, managers typically boost profitability during economic downturns by downsizing. Using a panel of US-listed firms from 2007–2016, we explore the impact of female representation on the board of directors (BOD) on firm-...

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Published in: Journal of Business Research
ISSN: 0148-2963 1873-7978
Published: Elsevier BV 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa65101
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first_indexed 2023-11-26T10:27:34Z
last_indexed 2023-11-26T10:27:34Z
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spelling v2 65101 2023-11-26 Doing more with more: Women on the board and firm employment eefe2792c8eed5b49feede33981dfa53 Tunyi Tunyi Abongeh Tunyi Tunyi Abongeh true false 2023-11-26 BAF While corporations play a pivotal social role by creating employment opportunities, managers typically boost profitability during economic downturns by downsizing. Using a panel of US-listed firms from 2007–2016, we explore the impact of female representation on the board of directors (BOD) on firm-level employment. We find that firm-level employment increases while the likelihood of downsizing decreases with BOD female representation. In corroboration, the level of under-staffing, and hence its associated problems, reduces with BOD female representation. The impact of female directors on employment is stronger in the absence of tokenism, more evident during downturns and shaped by female director typology. Importantly, we find that, while over-staffing problems might emerge, overall employee productivity improves with female representation, suggesting that female directors do not sacrifice shareholder value in pursuit of employee interests. Overall, our results suggest that female directors are crucial in promoting employment in society. Journal Article Journal of Business Research 154 113385 Elsevier BV 0148-2963 1873-7978 Female directors, Firm employment, Downsizing, Under-staffing, Social role theory, Corporate governance 31 1 2023 2023-01-31 10.1016/j.jbusres.2022.113385 http://dx.doi.org/10.1016/j.jbusres.2022.113385 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University Another institution paid the OA fee 2023-12-19T16:09:06.7172438 2023-11-26T10:26:00.6573982 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Tunyi Tunyi Abongeh 1 Geofry Areneke 0000-0001-6075-2747 2 Abiye Tob-Ogu 0000-0002-4015-5643 3 Sharif Khalid 4 65101__29295__a0738e8468ee4fe6bbdcce3539da8224.pdf 65101.VOR.pdf 2023-12-19T16:07:20.1265237 Output 1079036 application/pdf Version of Record true © 2022 The Author(s). Published by Elsevier Inc. Distributed under the terms of a Creative Commons Attribution 4.0 International License (CC BY 4.0). true eng https://creativecommons.org/licenses/by/4.0/
title Doing more with more: Women on the board and firm employment
spellingShingle Doing more with more: Women on the board and firm employment
Tunyi Tunyi Abongeh
title_short Doing more with more: Women on the board and firm employment
title_full Doing more with more: Women on the board and firm employment
title_fullStr Doing more with more: Women on the board and firm employment
title_full_unstemmed Doing more with more: Women on the board and firm employment
title_sort Doing more with more: Women on the board and firm employment
author_id_str_mv eefe2792c8eed5b49feede33981dfa53
author_id_fullname_str_mv eefe2792c8eed5b49feede33981dfa53_***_Tunyi Tunyi Abongeh
author Tunyi Tunyi Abongeh
author2 Tunyi Tunyi Abongeh
Geofry Areneke
Abiye Tob-Ogu
Sharif Khalid
format Journal article
container_title Journal of Business Research
container_volume 154
container_start_page 113385
publishDate 2023
institution Swansea University
issn 0148-2963
1873-7978
doi_str_mv 10.1016/j.jbusres.2022.113385
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1016/j.jbusres.2022.113385
document_store_str 1
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description While corporations play a pivotal social role by creating employment opportunities, managers typically boost profitability during economic downturns by downsizing. Using a panel of US-listed firms from 2007–2016, we explore the impact of female representation on the board of directors (BOD) on firm-level employment. We find that firm-level employment increases while the likelihood of downsizing decreases with BOD female representation. In corroboration, the level of under-staffing, and hence its associated problems, reduces with BOD female representation. The impact of female directors on employment is stronger in the absence of tokenism, more evident during downturns and shaped by female director typology. Importantly, we find that, while over-staffing problems might emerge, overall employee productivity improves with female representation, suggesting that female directors do not sacrifice shareholder value in pursuit of employee interests. Overall, our results suggest that female directors are crucial in promoting employment in society.
published_date 2023-01-31T16:09:07Z
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score 11.016235

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