To read this content please select one of the options below:

Determinants of women representation on corporate boards: evidence from Australia

Ammad Ahmed (Griffith University, Brisbane, Australia)
Helen Higgs (Department of Accounting, Finance and Economics, Griffith University, Brisbane, Australia)
Chew Ng (Department of Accounting, Finance and Economics, Griffith University, Brisbane, Australia)
Deborah Anne Delaney (Department of Accounting, Finance and Economics, Griffith Business School, Griffith University, Gold Coast, Australia)

Accounting Research Journal

ISSN: 1030-9616

Article publication date: 3 September 2018

1073

Abstract

Purpose

This paper aims to investigate the determinants of women representation on Australian corporate boards under the ASX’s “if not, why not” corporate governance framework. It further aims to improve the study of Geiger and Marlin (2012) by using a theoretically sound two-limit Tobit model to examine the determinants.

Design/methodology/approach

This study uses the two-limit Tobit model to examine the determinants of women representation on ASX 500 boards. This approach is used due to the censored nature of the dependent variable.

Findings

This study finds that the two-limit Tobit model is an appropriate methodology to accommodate the censored dependent variable. It further finds that firm size, women as chair of boards, corporate governance index, Global Reporting Initiative signatory, debt ratio, average board age, BIG4 auditors, chief executive officer tenure and shareholder concentration are major determinants of women on boards.

Research limitations/implications

The use of only ASX 500 companies and the sample years (2011-2014) may limit the generalisation of the findings.

Originality/value

This is the first extensive longitudinal Australian study to examine the drivers of women representation on corporate boards. It is also the first of its kind to use the two-limit Tobit model to consider these determinants.

Keywords

Acknowledgements

The authors would like to thank the editor and the two anonymous reviewers for their constructive comments and suggestions. They also thank the participants of the 2014 AFAANZ Conference for their helpful feedback.

Citation

Ahmed, A., Higgs, H., Ng, C. and Delaney, D.A. (2018), "Determinants of women representation on corporate boards: evidence from Australia", Accounting Research Journal, Vol. 31 No. 3, pp. 326-342. https://doi.org/10.1108/ARJ-11-2015-0133

Publisher

:

Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

Related articles