The study examines the relationship between women on board and firm performance in Malaysian Capital Market amidst Covid-19 outbreak. The study also aims to investigate the effect of different types of industries namely Environmentally Sensitive Industry (ESI) and Customer Proximity Industry (CPI) on firm performance. The study employs OLS regression on top 100 companies listed under Bursa Malaysia for the year 2020. The findings reveal that gender diversity has a favorable and significant effect on the firm’s performance measured by Profit Margin (PM), Return on Asset (ROA) & Return on Equity (ROE) and ESI significantly affect firm performance. Meaning that the market places a high value on the involvement of women on boards of directors since it boosts the board's independence and profitability and the different types of industry play significant roles in firm performance. The findings of this study suggest the policymakers to enact suitable legislation requiring a diverse representation of genders on the board of directors.
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In-Text Citation: (Bustamam et al., 2022)
To Cite this Article: Bustamam, K. S., Adanan, S. A., Samad, K. A., Mamat, S. N., Saidin, A., & Sani, A. A. (2022). Women on Board and Firm Performance amidst Covid-19 Outbreak. International Journal of Academic Research in Business and Social Sciences, 12(11), 231 – 243.
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