Moderating role of gender diversity in the relationship between intellectual capital efficiency and corporate performance

Ranjit Tiwari, Akshita Arora
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引用次数: 0

Abstract

Purpose

In today’s knowledge-based economy, companies are hugely driven by intangible resources such as intellectual capital. However, whether corporate governance of a company drives intellectual capital is less explored in emerging economies. We examine the impact of intellectual capital efficiency on firm performance for Indian firms, considering the moderating role of board gender diversity.

Design/methodology/approach

We have created a framework for panel data analysis and conducted estimation using the dynamic panel data model to control for endogeneity and heteroskedasticity issues. We use alternate performance and gender diversity measures for our sample of top 500 listed companies for a period of six years, that is 2015–2020.

Findings

The results demonstrate a significant positive association between intellectual capital and performance. However, moderating impact of gender diversity on the relationship between intellectual capital and performance is not significant.

Practical implications

The findings indicate that IC plays a crucial role in a company’s performance, which may boost economic growth. Further, the findings reveal that despite the mandatory quota for women on boards in Indian companies, their impact on IC is subliminal. It may be because the critical mass is yet to be achieved, which should be considered by policy-makers while framing policies in this area.

Originality/value

Our study is one of the foremost studies to consider the impact of mandatory gender quotas while examining the association between tangible and intangible firm performance. It makes an incremental contribution to literature to enrich our understanding on the influence of gender diversity on intellectual capital-performance linkages.

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性别多样性在智力资本效率与公司业绩关系中的调节作用
目的在当今的知识经济时代,知识资本等无形资源对公司的推动作用巨大。然而,在新兴经济体中,对公司治理是否能推动知识资本的研究较少。我们建立了一个面板数据分析框架,并使用动态面板数据模型进行估计,以控制内生性和异方差问题。我们对 500 强上市公司样本采用了业绩和性别多样性的替代衡量标准,时间跨度为六年,即 2015-2020 年。实际意义研究结果表明,智力资本对公司业绩起着至关重要的作用,可以促进经济增长。此外,研究结果表明,尽管印度公司董事会强制规定了女性配额,但她们对智力资本的影响是潜移默化的。这可能是因为临界质量尚未达到,政策制定者在制定该领域的政策时应考虑到这一点。原创性/价值我们的研究是在考察有形和无形公司业绩之间的关联时考虑强制性性别配额影响的最重要研究之一。它为丰富我们对性别多样性对智力资本-绩效联系的影响的理解做出了重要贡献。
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来源期刊
CiteScore
7.90
自引率
9.70%
发文量
87
期刊介绍: ■Organisational design and methods ■Performance management ■Performance measurement tools and techniques ■Process analysis, engineering and re-engineering ■Quality and business excellence management Articles can address these topics theoretically or empirically through either a descriptive or critical approach. The co-Editors support articles that significantly bring new knowledge to the area both for academics and practitioners. The material for publication in IJPPM should be written in a manner which makes it accessible to its entire wide-ranging readership. Submissions of highly technical or mathematically-oriented papers are discouraged.
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